Osage Corporation issued2,250shares of stock. Prepare the entry for the issuance under the following assumptions. (a) The
Fantastic news! We've Found the answer you've been seeking!
Question:
Osage Corporation issued2,250shares of stock.
Prepare the entry for the issuance under the following assumptions.
(a)The stock had a par value of $7.00per share and was issued for a total of $53,500.
(b)The stock had a stated value of $7.00per share and was issued for a total of $53,500.
(c)The stock had no par or stated value and was issued for a total of $53,500.
(d)The stock had a par value of $7.00per share and was issued to attorneys for services during incorporation valued at $53,500.
(e)The stock had a par value of $7.00per share and was issued for land worth $53,500.
Posted Date: