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Stock Issuance (Par, No-Par, and Stated Value) The following independent stock transactions occurred during January 20-- for various corporations: (a) Issued 6,100 shares of $10
Stock Issuance (Par, No-Par, and Stated Value) The following independent stock transactions occurred during January 20-- for various corporations: (a) Issued 6,100 shares of $10 par common stock for $61,000 cash. (b) Issued 3,800 shares of $10 par common stock for $51,100 cash. (c) Issued 5,100 shares of no-par common stock for $56,400 cash (d) Issued 3,900 shares of no-par common stock for $41,400 cash. (e) Issued 6,300 shares of no-par common stock with a stated value of $8 per share for $50,400 cash (f) Issued 3,200 shares of no-par common stock with a stated value of $8 per share for $26,400 cash Prepare general journal entries for these stock transactions, identifying each by letter. Page: 1 DOC. POST NO. REF DATE ACCOUNT TITLE DEBIT CREDIT 1 1 . 2 3 3 h 4 4 6 6 7 7 8 8 C. 9 10 10 11 d 11 12 12 13 13 14 e 14 15 15 16 16 17 f 17 18 18 19 19
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