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Exercise 13-03 a-b During its first year or operations, Flint Corporation had the following transactions pertaining to its common stock Jan. 10 Issued 65,500 shares
Exercise 13-03 a-b During its first year or operations, Flint Corporation had the following transactions pertaining to its common stock Jan. 10 Issued 65,500 shares for cash at $5 per share July 1 Issued 43,000 shares for cash at $10 per share ournalize 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.) Date Account Titles and Explanation Debit Credit Jan. 10 27500 327500 July 1 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER ournalize the transactions, assuming that the common stock is no-par with a stated value of $2 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.) Date Account Titles and Explanation Debit Credit LINK TO TEXT
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