Question: What is the required journal entry for each of the

What is the required journal entry for each of the following transactions?
a. 25,000 shares of no par value shares are issued for $30 per share.
b. 25,000 shares of $0.10 par value shares are issued for $30 per share.
c. 25,000 shares of $1.00 par value shares are issued for $30 per share.
d. What effect does par value have on the financial statements? Does par value affect any ratios or the interpretation of the financial statements? Explain.



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  • CreatedFebruary 26, 2015
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