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flounder corporation issued 3,350 shares of stock. prepare the entry for the issuance under the following assumptions (a) The stock had a par value of
flounder corporation issued 3,350 shares of stock. prepare the entry for the issuance under the following assumptions
(a) The stock had a par value of $7 per share and was issued for a total of $50,000. (b) The stock had a stated value of $7 per share and was issued for a total of $50,000. (c). The stock had no par or stated value and was issued for a total of $50,000. (d) The stock had a par value of $7 per share and was issued to attorneys for services during incorporation valued at $50,000. (e) The stock had a par value of $7 per share and was issued for land worth $50,000. Debit Credit No. Account Titles and Explanation (a) (b) (c) (d) (e) Step by Step Solution
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