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Question 1 Not yet answered Share Issuances for Cash Marked out of 30.00 Rag question Henlay, Inc., issued 10,000 shares of $44 par value
Question 1 Not yet answered Share Issuances for Cash Marked out of 30.00 Rag question Henlay, Inc., issued 10,000 shares of $44 par value preferred stock at $106 per share and 8,000 shares of no-par value common stock at $33 per share. The common stock has no stated value. Al issuances were for cash. a. Prepare the journal entries to record the share issuances. b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $22 per share. c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of $4 per share. Ref. General Journal Description Preferred stock b L Issued shares of preferred stock Issued shares of no par value common stock Common stock sued shares of no par vake common stock, stated value Common stock issued shares of common stock $ Debit Credit
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