Question: Lebron Corporation was authorized to issue 30,000 shares of common stock. Record the journal entry for each of the following independent situations, assuming Lebron issues
Lebron Corporation was authorized to issue 30,000 shares of common stock. Record the journal entry for each of the following independent situations, assuming Lebron issues 5,800 shares at $12 on July 20, 202X:
a. Common stock has an $11 par value.
b. Common stock has no par and no stated value.
c. Common stock is no-par stock with a stated value of $3.
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