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Gleason Corporation has authorized 40,000 shares of $10 par value common stock. The following events occurred during the year. 1. Issued 16,000 shares of the
Gleason Corporation has authorized 40,000 shares of $10 par value common stock. The following events occurred during the year. 1. Issued 16,000 shares of the common stock for $12 per share. 2. Purchased back 2,000 shares of the common stock for $14 per share. 3. Reissued 600 of the 2,000 shares (from event 2) at a price of $15 per share. Which of the following is the correct journal entry to record the issuance of the 16,000 shares of common stock?
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