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what journal entry does a corporation make to record the issue of 1000 shares of 1 par value common stock at 5 per share 30

what journal entry does a corporation make to record the issue of 1000 shares of 1 par value common stock at 5 per shareimage text in transcribedimage text in transcribed

30 hal entry does a c its Cash for $12,000 and Debits Cash for $12,000, credits Debits Paid-In Capital from Treasury O Debits Treasury Stock for $12,000, creditsC QUESTION 31 What journal entry does a corporation make to record the issue of 1, O Debits Cash for $5,000, credits Common Stock for $1,000, and credits O Debits Cash for $5,000, credits Common Stock for $1,000, and credits Paic O Debits Common Stock for $5,000 and credits Cash for $5,000 Debits Common Stock for $5,000, credits Paid-In Capital in Exces dsubmit. Click S asury stock costing $10,000 for and credits Paid-In Capital from Treasury Sto d credits Treasury Stock for $10,000 0,000, credits Gain on Sale of Treasury Stock for $2,000 Pcord the issue of 1,000 shares of $1 par value common stock at $5 per share $1,000, and credits Gain on Sale of Stock for $4,000 0, and credits Paid-In Capital in Excess of Par Value for $4,000 of Par Value for $4,000, and credits Cash for $1,000

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