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Lodge Outfitters issues 2,800 shares of its $0.01 par value common stock to provide funds for further expansion. Assume the issue price is $13 per

Lodge Outfitters issues 2,800 shares of its $0.01 par value common stock to provide funds for further expansion. Assume the issue price is $13 per share.

Determine the financial statement effects of the issuance of common stock.

image text in transcribed _odge Outfitters issues 2,800 shares of its $0.01 par value common stock to provide funds for further expansion. Assume the issue orice is $13 per share. Determine the financial statement effects of the issuance of common stock

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