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Current Attempt in Progress During its first year of operations, Novak Corporation had the following transactions pertaining to its common stock. Jan. 1 0 Issued
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During its first year of operations, Novak Corporation had the following transactions pertaining to its common stock.
Jan. Issued shares for cash at $ per share.
Mar. Issued shares to attorneys in payment of a bill for $ for services rendered in helping the company to incorporate.
July Issued shares for cash at $ per share.
Sept. Issued shares for cash at $ per share.
a
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Prepare the journal entries for these transactions, assuming that the common stock has a par value of $ per share. List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.
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