Question
XYZ issued 25,000 shares of it is $3 par value common stock for $95,000. A legal and accounting fee associated with this stock issue was
XYZ issued 25,000 shares of it is $3 par value common stock for $95,000. A legal and accounting fee associated with this stock issue was $3,000.
Required
Prepare the journal entry to record the issuance of the common stock.
Prepare the journal entry to record to cost associated with the issue of the common stock
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
4th Edition
0324069731, 978-0324069730
