Question
Part 1: Instructions Stock Issuance (Par, No-Par, and Stated Value) The following independent stock transactions occurred during January 20-- for Various Corporations: (a)Issued 6,000 shares
Part 1: Instructions
Stock Issuance (Par, No-Par, and Stated Value)
The following independent stock transactions occurred during January 20-- for Various Corporations:
(a)Issued 6,000 shares of $10 par common stock for $60,000 cash
.(b)Issued 3,800 shares of $10 par common stock for $51,000 cash
.(c)Issued 5,100 shares of no-par common stock for $56,500 cash.
(d)Issued 4,200 shares of no-par common stock for $43,600 cash.
(e)Issued 5,900 shares of no-par common stock with a stated value of $8 per share for $47,200 cash.
(f)Issued 3,100 shares of no-par common stock with a stated value of $8 per share for $25,600 cash.
Part 2:
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