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To expand operations, Aragon Consulting issued 170,000 shares of previously unissued stock with a par value of $1. Investors purchased the stock for $21 per
To expand operations, Aragon Consulting issued 170,000 shares of previously unissued stock with a par value of $1. Investors purchased the stock for $21 per share. Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Sale of the above stock. b. Sale of above stock if the par value was $2 per share. View transaction list Journal entry worksheet Record the sale of 170,000 shares of stock with a par value of $1. The selling price was $21 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general Journal 2 To expand operations, Aragon Consulting issued 170,000 shares of previously unissued stock with a par value of $1. Investors purchased the stock for $21 per share. Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 10 points a. Sale of the above stock. b. Sale of above stock if the par value was $2 per share. View transaction list eBook Journal entry worksheet Print References Record the sale of 170,000 shares of stock if the par value was $2 per share. The selling price was $21 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal
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