Question
Henlay, Inc., issued 10,000 shares of $20 par value preferred stock at $48 per share and 8,000 shares of no-par value common stock at $15
Henlay, Inc., issued 10,000 shares of $20 par value preferred stock at $48 per share and 8,000 shares of no-par value common stock at $15 per share. The common stock has no stated value. All issuances were for cash. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $2 per share.
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Practical Guide To Auditing SAP Systems
Authors: Martin Metz, Sebastian Mayer
1st Edition
3960126409, 978-3960126409
