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Pronghorn Inc. issued 1,800 shares of no-par common stock for $26,600. Prepare Pronghorn's journal entry if (a) the stock has no stated value, and (b)
Pronghorn Inc. issued 1,800 shares of no-par common stock for $26,600. Prepare Pronghorn's journal entry if (a) the stock has no stated value, and (b) the stock has a stated value of $1 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (a) (6)
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