Platinum Corporation issued 4,000 of its common shares for $66,000. The company also incurred $1,700 of costs

Question:

Platinum issued 4,000 of its common shares for $66,000. The company also incurred $1,700 of costs associated with issuing the shares. Prepare the journal entry to record the issuance of the company’s shares.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...