Question: Peter Corporation was authorized to issue 33 000 shares of common

Peter Corporation was authorized to issue 33,000 shares of common stock. Record the journal entry for each of the following independent situations, assuming Peter issues 6,300 shares at $10 on July 20, 201X:
a. Common stock has a $6 par value.
b. Common stock has no-par and no stated value.
c. Common stock is no-par stock with a stated value of $6.


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  • CreatedApril 24, 2014
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