Question
Skysong Corp. issues 750 shares of $2 par value common stock and 270 shares of $100 par value preferred stock for a lump sum of
Skysong Corp. issues 750 shares of $2 par value common stock and 270 shares of $100 par value preferred stock for a lump sum of $120,500.
Prepare the journal entry for the issuance when the market price of the common shares is $120 each and market price of the preferred is $150 each.
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, Gerald G. Griffin
6th Edition
0471293253, 978-0471293255
