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Prepare journal entries to record the following four separate issuances of stock. corporation issued 6,000 shares of $20 par value common stock for $144,000 cash.
Prepare journal entries to record the following four separate issuances of stock.
- corporation issued 6,000 shares of $20 par value common stock for $144,000 cash.
- A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $23,500. The stock has a $1 per share stated value.
- A corporation issued 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $23,500. The stock has no stated value.
- A corporation issued 1,500 shares of $100 par value preferred stock for $173,500 cash.
- Record the issue of 6,000 shares of $20 par value common stock for $144,000 cash.
- Record the issue of 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $23,500. The stock has a $1 per share stated value.
- Record the issue of 3,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $23,500. The stock has no stated value.
- Record the issue of 1,500 shares of $100 par value preferred stock for $173,500 cash.
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
