$11$ and Appendix C Homework $i$

QS $11-4($Algo$)$ Issuance of no$-$par common stock LO P$1$

Prepare the journal entry to record Autumn Company's issuance of $74,000$ shares of no$-$par value common stock assuming the

a$.$ Sell for $$28$ cash per share.

b$.$ Are exchanged for land valued at $$2,072,000.$

Journal entry worksheet

Record the issuance of $74,000$ shares of no$-$par value common stock assuming the shares sell for $$28$ cash per share.

Note: Enter debits before credits.

MacBook Air