Question
es 59 Liu Industries issued 24 million of its $1 par common shares for $476 million on April 11. Legal, promotional, and accounting services
es 59 Liu Industries issued 24 million of its $1 par common shares for $476 million on April 11. Legal, promotional, and accounting services necessary to effect the sale cost $3 million. Required: 1. Prepare the journal entry to record the issuance of the shares. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). View transaction list Journal entry worksheet < 1 Record the issuance of the shares. Note: Enter debits before credits. Event 1 General Journal Debit Credit >
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Intermediate Accounting
Authors: David Spiceland
11th Edition
1264134525, 9781264134526
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