On January 2, 2019, Best Corporation issued 3,000 shares of its $15 par-value common stock for cash
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Question:
On January 2, 2019, Best Corporation issued 3,000 shares of its $15 par-value common stock for cash at $36 a share.
Prepare a journal entry to record the issuance of the stock.
Journal entry worksheet
- Record the issuance of 3,000 shares of $15 par common stock at $36 per share.
Note: Enter debits before credits.
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Related Book For
Intermediate Accounting
ISBN: 978-1118300855
10th Canadian Edition Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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