On January 2, 2016, Williams Corporation issued 6,200 shares of its no par value common stock (stated value, $45 for cash at $51 a share Give the entry in general journal form to record the issuance of the stock ...

GENERAL JOURNAL PAGE DATE DESCRIPTION POST REF DEBIT CREDIT 2016 Jan 2 Cash 316 2 ...

On January 2, 2016, Williams Corporation issued 6,200 shares of its no-par-value common stock (stated value, $45

Question:

On January 2, 2016, Williams issued 6,200 shares of its no-par-value (stated value, $45 for cash at $51 a share. Give the entry in general journal form to record the issuance of the stock.
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... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...