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Question 1 On May 10, Stellar Co. issues 3,100 7 par value ordinary shares for cash at 16 per share. Journalize the issuance of the

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Question 1 On May 10, Stellar Co. issues 3,100 7 par value ordinary shares for cash at 16 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 10 Cash 49600 Accounts Receivable 21700 27900 Share Premium-Ordinai Share Premium-Ordinary SHOW LIST OF ACCOUNTS

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