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Coronado Corporation issued 2,100 shares of its $10 par value common stock for $58,600. Coronado also incurred $1,500 of costs associated with issuing the stock.
Coronado Corporation issued 2,100 shares of its $10 par value common stock for $58,600. Coronado also incurred $1,500 of costs associated with issuing the stock. Prepare Coronado's journal entry to record the issuance of the company's stock. (List all debit entries before credit entries. Credit occount titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.)
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