E13-4Journalize issuance of common stock.

(LO 2)

Osage Corporation issued 2,000 shares of stock.

Instructions

Prepare the entry for the issuance under the following assumptions.

(a)The stock had a par value of $5 per share and was issued for a total of $52,000.

(b)The stock had a stated value of $5 per share and was issued for a total of $52,000.

(c)The stock had no par or stated value and was issued for a total of $52,000.

(d)The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000.

(e)The stock had a par value of $5 per share and was issued for land worth $52,000.