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On June 1, Skysong, Inc. issues 4,050 shares of no-par common stock at a cash price of $10 per share. Journalize the issuance of the
On June 1, Skysong, Inc. issues 4,050 shares of no-par common stock at a cash price of $10 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit June 1
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