Question
Journalize the following transactions. Only 4A, 4B and 4C are related. 1. Hydro-Slide, Inc. issued 3,000 shares of $4 par value preferred stock for $15,000
Journalize the following transactions. Only 4A, 4B and 4C are related.
1. Hydro-Slide, Inc. issued 3,000 shares of $4 par value preferred stock for $15,000 cash
2. Bettie Boop, Inc. issued 15,000 shares of common stock at $7 per share cash. The stock has no par value and no stated value.
3. Navistarless Corp. issued 45,000 shares of common stock in exchange for a building that was appraised at $3,000,000 and cash of $400,000. Navistarless' common stock does not have a par value but has a stated value of $3 per share.
4A. King Burgur sold 50,000 shares of common stock at $45 per share. The stock has a par value of $30 per share.
4B. King Burgur repurchased 3,000 shares of common stock at $45 per share. The stock has a par value of $30 per share.
4C. King Burger resold 1,000 shares of common stock (that were purchased in 4B above) for $50 per share. The stock has a par value of $30 per share.
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