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Grouper SLU issued 1,250 ordinary shares. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount
Grouper SLU issued 1,250 ordinary shares. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The shares had a par value of 5.50 per share and was issued for a total of 55,000. (b) The shares had a stated value of 5.50 per share and was issued for a total of 55,000. (c) The shares had no par or stated value and was issued for a total of 55,000. (d) The shares had a par value of 5.50 per share and was issued to attorneys for services during incorporation valued at 55,000. (e) The shares had a par value of 5.50 per share and was issued for land worth 55,000. No. Account Titles and Explanation (a) (b) (c) (d) (e) Debit Credit
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