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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 6,000 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 6,000 shares of $10 par common stock for $60,000 cash. (b) Issued 4,300 shares of $10 par common stock for $57,700 cash (c) Issued 4,800 shares of no-par common stock for $52,500 cash. (d) Issued 4,300 shares of no-par common stock for $45,000 cash. (e) Issued 6,100 shares of no-par common stock with a stated value of $8 per share for $48,800 cash. (0) Issued 3,100 shares of no-par common stock with a stated value of $8 per share for $25,500 cash. Prepare general journal entries for these stock transactions, identifying each transaction by letter. If an amount box does not require an entry, leave it blank. Page: 1 DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 4 b. 4 8 C 9 10 11 d 12 13 14 e 15 16 17 f 18 19 10 12 13 14 15 16 17 18 19
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