Question

During its first year of operations, Rosa Corporation had these transactions pertaining to its common stock.
Jan. 10 Issued 30,000 shares for cash at $5 per share.
July 1 Issued 60,000 shares for cash at $7 per share.
Instructions
Journalize the transactions, assuming that the common stock has a par value of $5 per share.
Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.



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  • CreatedApril 07, 2014
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