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Exercise 11-3 (Part Level Submission) During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued
Exercise 11-3 (Part Level Submission) During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 75,000 shares for cash at $5 per share. July 1 Issued 41,900 shares for cash at $9 per share. Journalize the transactions, assuming that the common stock has a par value of $5 per share. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 83
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