On August 26, Mountain Realty Inc issued for cash 120,000 shares of no par common stock (with a stated value of $5) at $8 On October 1, Mountain Realty Inc issued at par value 40,000 shares of preferred 1 stock, $10 par for cash On November 30, Mountain Realty Inc issued for cash 18,000 shares of p...

Aug 26 Cash 120000 shares 8 960000 Common Stock 120000 shares 5 600000 PaidIn ...

On August 26, Mountain Realty Inc. issued for cash 120,000 shares of no-par common stock (with a

Question:

On August 26, Mountain Realty Inc. issued for cash 120,000 shares of no-par (with a stated value of $5) at $8. On October 1, Mountain Realty Inc. issued at 40,000 shares of preferred 1% stock, $10 par for cash. On November 30, Mountain Realty Inc. issued for cash 18,000 shares of preferred 1% stock, $10 par at $13. Journalize the entries to record the August 26, October 1, and November 30 transactions. 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... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...