Part 2. Common Stock

On July 2, SpaceShifter Inc. issued 62,000 shares of $3.00 par value common stock.

Prepare the journal entry if the shares are issued for $10.00 per share. Enter your answers in the shaded boxes.

General Journal
Date	Account Names		Debit	Credit
Jul. 2
		To record sale of stock

Prepare the journal entry if the shares are issued for $6.00 per share. Enter your answers in the shaded boxes.

General Journal
Date	Account Names		Debit	Credit
Jul. 2
		To record sale of stock