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During its first year of operations, Skysong Corporation had the following transactions pertaining to its common stock 10 Jan. Issued 83,700 shares for cash at

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During its first year of operations, Skysong Corporation had the following transactions pertaining to its common stock 10 Jan. Issued 83,700 shares for cash at $7 per share. Mar. 1 Issued 5,000 shares to attorneys in payment of a bill for $37,000 for services rendered in helping the company July 1 Issued 32,100 shares for cash at $9 per share. Sept. Issued 63,100 shares for cash at $11 per share. 1 Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share, lar"No Entry for the account titles and enter Chap 16 exer WAS Assessment Player Tool WAS Assessment Player Tool (a) eTextbook and Media Prepare the journal entries for these transactions, assuming that the common stock is no-par with a stated value of $2 per share. (Credit account titles are autom when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit

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