Question
During its first year of operations, Rosa Corporation had these transactions pertaining to its common stock. Jan. 10 Issued30,000shares for cash at $5per share. July
During its first year of operations, Rosa Corporation had these transactions pertaining to its common stock.
| Jan. 10 | Issued30,000shares for cash at $5per share. |
| July 1 | Issued60,000shares for cash at $7per share. |
| (a) | Journalize the transactions, assuming that the common stock has a par value of $5per share. |
| (b) | Journalize the transactions, assuming that the common stock is no-par with a stated value of $1per share. |
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College Accounting Chapters 1-12
Authors: Douglas McQuaig
10th Edition
1439038783, 978-1439038789
