QS 11-2 Issuance of common stock LO P1

Prepare the journal entry to record Zende Companys issuance of 76,000 shares of $5 par value common stock assuming the shares sell for:

1. $5 cash per share.
2. $6 cash per share.

Journal entry worksheet

• Record the issuance of 76,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
a.