Des Peres Company issues 450 shares of common stock (par value $0.01) for $32 per share on

Question:

Des Peres Company issues 450 shares of common stock (par value $0.01) for $32 per share on June 30, 2009.

Required:

Provide the necessary journal entry to record this transaction.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...