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Forgin Co. issued 500 common shares to We Can Advertize for advertising services. The shares currently are valued at $24 per share, and the advertising
Forgin Co. issued 500 common shares to We Can Advertize for advertising services. The shares currently are valued at $24 per share, and the advertising services rendered are valued at $11,000. Required: 1. Provide the journal entry to be recorded with respect to issue of these shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the transactions at the fair value of the goods / services acquired. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit
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