QS 11-4 Issuance of no-par common stock LO P1

Prepare the journal entry to record Autumn Companys issuance of 62,000 shares of no-par value common stock assuming the shares:

1. Sell for $25 cash per share.
2. Are exchanged for land valued at $1,550,000.

Journal entry worksheet Record the issuance of 62,000 shares of no-par value common stock assuming the shares sell for $25 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet 2 Record the issuance of 62,000 shares of no-par value common stock assuming the shares are exchanged for land valued at $1,550,000. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal