Question
On January 2, 2016, Alpha Corporation issued 2,500 shares of $4 par value common stock. The issue price was $15 per share. On January 15,
On January 2, 2016, Alpha Corporation issued 2,500 shares of $4 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $107 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries.
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A Journey Into Auditing Culture
Authors: Grant Thornton United Kingdom, Susan Jex, Eddie J. Best
1st Edition
