Issuing Stock

Workplace Products Inc., a wholesaler of office products, was organized on February 1 of the current year, with an authorization of 10,000 shares of preferred 2% stock, $120 par and 250,000 shares of $25 par common stock. The following selected transactions were completed during the first year of operations:

Journalize the transactions.

Feb. 1.Issued 180,000 shares of common stock at par for cash.

cash

NEED ANSWER

Issuing Stock Workplace Products Inc., a wholesaler of office products, was organized on February 1 of the current year, with an authorization of 10,000 shares of preferred 2% stock, $120 par and 250,000 shares of $25 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. Hide Feb. 1. Issued 180,000 shares of common stock at par for cash. cash Common stock NEED ANSWER 4500000