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Sheridan Company issued 1,150 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount

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Sheridan Company issued 1,150 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) (a) The stock had a par value of $5 per share and was issued for a total of $49,450. The stock had a stated value of $5 per share and was issued for a total of $49,450. The stock had no par or stated value and was issued for a total of $49450. The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $49,450 le) The stock had a par value of $5 per share and was issued for tand worth $49,450. Debit Credit No. Account Titles and Explanation (a) (b) ( 1)

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