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Prepare entries to record the following: a. Issued 1,000 shares of $10 par common stock at $59 for cash. If an amount box does not
Prepare entries to record the following: a. Issued 1,000 shares of $10 par common stock at $59 for cash. If an amount box does not require an entry, leave blank or enter "0". b. Issued 1,400 shares of $10 par common stock in exchange for equipment with a fair market price of $60,000. If an amount box does not require an entry, leave it blank or enter "0" c. Purchased 100 shares of treasury stock at $32 d. Sold the 100 shares of treasury stock purchased in (c) at $42. If an amount box does not require an entry, leave it blank or enter "0
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