Question
JKLCompanyissued5,000sharesof$20parvaluecommonstockfor$30pershareon March 1st, 2023. Calculate: a) Total proceeds from the issuance of common stock. b) Additional paid-in capital. c) Book value per share after the
JKL Company issued 5,000 shares of $20 par value common stock for $30 per share on March 1st, 2023. Calculate: a) Total proceeds from the issuance of common stock. b) Additional paid-in capital. c) Book value per share after the issuance. d) Journal entry to record the issuance of common stock.
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
7th edition
1259722635, 978-1259722639
