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f. f. Max Inc. issued 7,200 shares of Class A common stock ($1 par) and 9,600 shares of Class B common stock ($2 par) for
f. f. Max Inc. issued 7,200 shares of Class A common stock ($1 par) and 9,600 shares of Class B common stock ($2 par) for $192,000 cash. At the time of issuance, the market price of the Class A common stock is $15 per share, and the market price of the Class B common stock is $10 per share.
To record the issuance of stock. To record the issuance of stock. g. Jan. 1 Cash CommonStock-ClassACommonStock-ClassBPaid-inCapitalinExcessofPar-ClassACommonStockPaid-inCapitalinExcessofPar-ClassBCommonStockTorecordV000204,0007,2000108,00069,6000,19,200 Io record the issuance of stock. Check g. Max Inc. issued 7,200 shares of Class A common stock ($1 par) and 9,600 shares of Class B common stock ($2 par) for $204,000 cash. At the time of issuance, the market price of the Class A common stock is $16 per share, and the market price of the Class B common stock is unknown.
pleaseee helpp i cant figure this out
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