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Please help solve. SHOW ALL WORK BE15-6 (similar to) Question Help Carson Company decided to raise additional capital in the equity market. It engaged an
Please help solve. SHOW ALL WORK
BE15-6 (similar to) Question Help Carson Company decided to raise additional capital in the equity market. It engaged an underwriter to float a new common share issue. The issue consisted of 9,000 shares of $4 par value common stock. Carson paid the underwriter 1% of the total issue price and issued the shares at $24 per share. Prepare the journal entry required to record the issuance of the shares assuming that the stock issue costs are not capitalized. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Current Year Additional Paid-in Capital from Treasury Stock Transactions Additional Paid-in Capital in Excess of Par - Common Cash Cash Dividends Payable Common Stock at $4 par Dividends - Common Stock Miscellaneous Expense Treasury StockStep by Step Solution
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