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Issuing common stock Carmean products Inc, sold 12,350 shares of common stock to stockholders at the time of its incorporation. Carmean received dollar 42 per
Issuing common stock Carmean products Inc, sold 12,350 shares of common stock to stockholders at the time of its incorporation. Carmean received dollar 42 per share for the stack. Required: Assume that the stock has a dollar 22 per value per share. Prepare the journal entry to record the sale and issue of the stock. For a compound transaction, if an amount box ones nor require an entry, leave it black. Assume that the stock has a dollar 8 started value per share. Prepare the journal entry to record the sale and issue of the stock, for a compound transaction, if an amount box does not require an entry, leave it blank. Assume that the stock has no par value and no started value, prepare the journal entry to record the sale and issue of the stock. Conceptual connection: How do the different values affect total contributed capital and total stockholder's equity? The different par value on total capital stock or total stockholder's equity. Issuing common stock Carmean products Inc, sold 12,350 shares of common stock to stockholders at the time of its incorporation. Carmean received dollar 42 per share for the stack. Required: Assume that the stock has a dollar 22 per value per share. Prepare the journal entry to record the sale and issue of the stock. For a compound transaction, if an amount box ones nor require an entry, leave it black. Assume that the stock has a dollar 8 started value per share. Prepare the journal entry to record the sale and issue of the stock, for a compound transaction, if an amount box does not require an entry, leave it blank. Assume that the stock has no par value and no started value, prepare the journal entry to record the sale and issue of the stock. Conceptual connection: How do the different values affect total contributed capital and total stockholder's equity? The different par value on total capital stock or total stockholder's equity
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