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Prepare journal entries to record each of the following independent stock issue situations a) Max Graphics Corporation issued 500,000 shares of $0.50 par value common
Prepare journal entries to record each of the following independent stock issue situations a) Max Graphics Corporation issued 500,000 shares of $0.50 par value common stock. The issue price was $18 per share. b) Aztec Corporation issued 35,000 shares of no par common stock for $25 per sh?re. e) Pyramid Play issued 60,000 shares of $50 par value preferred stock. The issue price was $76 per share. d) Paradise Land Management issued 15,000 shares of $1 par value common stock for land with a fair value of $250,000
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