New Hampshire

NewHampshire Corporation has two classes ofstock: common, $4

4 parvalue; andpreferred, $25

25 par value.

Requirements

1.

Journalize New Hampshire

NewHampshire's issuance of 1 comma 500

1,500 shares of common stock for $ 9

$9 per share.

2.

Journalize New Hampshire

NewHampshire's issuance of 1 comma 500

1,500 shares of preferred stock for a total of $ 37 comma 500

$37,500.

Requirement 1. Journalize New Hampshire

NewHampshire's issuance of 1 comma 500

1,500 shares of common stock for $ 9

$9 per share. (Record debitsfirst, then credits. Select the explanation on the last line of the journal entrytable.)

Date

Accounts and Explanations

Debit

Credit

Cash

Common Stock$4 Par Value

Paid-In Capital in Excess of ParCommon

Issued common stock at a premium.