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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 5,800 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 5,800 shares of $10 par common stock for $58,000 cash. (b) Issued 3,700 shares of $10 par common stock for $47,000 cash. (C) Issued 5,100 shares of no-par common stock for $56,200 cash. (d) Issued 3,900 shares of no-par common stock for $41,400 cash. (e) Issued 5,700 shares of no-par common stock with a stated value of $8 per share for $45,600 cash. (f) Issued 2,800 shares of no-par common stock with a stated value of $8 per share for $23,200 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 DOC. POST. DATE ACCOUNT TITLE NO. REE DEBIT CREDIT a. 1 2 N O 10 01 III II II II 11 11 d. 14 e. 16 17 f
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