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issued 10,000 shares of? no-par common stock for $11 per share. Read the requirements Requirement 1a. Record issuance of the stock if the stock is

issued 10,000 shares of? no-par common stock for $11 per share. Read the requirements

Requirement 1a. Record issuance of the stock if the stock is true? no-par stock. ?(Record debits? first, then credits. Select the explanation on the last line of the journal entry? table.)

Date

Accounts and Explanation

Debit

Credit

a.

Requirement 1b. Record issuance of the stock if the stock has stated value of ?$33

per share. ?(Record debits? first, then credits. Select the explanation on the last line of the journal entry? table.)

Date

Accounts and Explanation

Debit

Credit

b.

Requirement 2. Which type of stock issuance results in more total? paid-in capital?

?

Both result in the same amount of paid-in capital.

The no-par stock.

The stock with a stated value of $3 per share.

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