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Prepare the journal entry to record Jevonte Company's issuance of 30,000 shares of its common stock assuming the shares have a: a. $4 par value
Prepare the journal entry to record Jevonte Company's issuance of 30,000 shares of its common stock assuming the shares have a: a. $4 par value and sell for $17 cash per share. b. $4 stated value and sell for $17 cash per share. Answer is not complete. Credit No 1 Transaction a. Debit 51,000 $ General Journal Cash Common stock, $4 par value Paid-in capital in excess of stated value, common stock 12,000 X 39,000 Cash Common stock dividend distributable
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