A company issues 1,000 shares of its common stock for $30,000 cash. Prepare journal entries to...
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A company issues 1,000 shares of its common stock for $30,000 cash. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has neither par value nor stated value. 2. The stock has a $1 stated value. 3. The stock has a $2 par value. View transaction list Journal entry worksheet A The stock has neither par value nor stated value. в с Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal A company issues 1,000 shares of its common stock for $30,000 cash. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has neither par value nor stated value. 2. The stock has a $1 stated value. 3. The stock has a $2 par value. View transaction list Journal entry worksheet A The stock has neither par value nor stated value. в с Note: Enter debits before credits. Transaction 1 Record entry General Journal Clear entry Debit Credit View general journal
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A The stock has neither par value nor stated value Transaction 1 C... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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