Question

The following stock transactions occurred during January 20-- for Shakil Corporation:
(a) Issued 6,000 shares of $10 par common stock for $60,000 cash.
(b) Issued 4,000 shares of $10 par common stock for $52,000 cash.
(c) Issued 4,000 shares of $10 par common stock for $39,000 cash.
(d) Issued 5,000 shares of no-par common stock for $55,000 cash.
(e) Issued 4,000 shares of no-par common stock for $42,000 cash.
(f) Issued 6,000 shares of no-par common stock with a stated value of $8 per share for $48,000 cash.
(g) Issued 3,000 shares of no-par common stock with a stated value of $8 per share for $22,000 cash.
(h) Issued 3,000 shares of no-par common stock with a stated value of $8 per share for $25,000 cash.
Prepare general journal entries to record the stock transactions, identifying each transaction by letter.



$1.99
Sales1
Views128
Comments0
  • CreatedJune 07, 2014
  • Files Included
Post your question
5000