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Tamarisk Corporation issued 600 shares of no-par common stock for $6,800. Prepare Tamarisk's journal entry if (a) the stock has no stated value, and (b)
Tamarisk Corporation issued 600 shares of no-par common stock for $6,800. Prepare Tamarisk's journal entry if (a) the stock has no stated value, and (b) the stock has a stated value of $5 per share. (List all de entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no en required, select "No Entry" for the account titles and enter O for the amounts.)
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