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QS 11-4 Issuance of no-par common stock LO P1 Prepare the journal entry to record Autumn Companys issuance of 74,000 shares of no-par value common

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

Prepare the journal entry to record Autumn Companys issuance of 74,000 shares of no-par value common stock assuming the shares:

  1. Sell for $28 cash per share.
  2. Are exchanged for land valued at $2,072,000.

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