Bradley Corporation is authorized to issue 30,000 shares of $10 par value ordinary shares Bradley Corporation...

 

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Bradley Corporation is authorized to issue 30,000 shares of $10 par value ordinary shares Bradley Corporation issues 10,000 shares $10 par value per share on January 1, 2018 Bradley Corporation issues 10,000 shares $10 par value per share at $12 per share on Nov 1, 2018 Required (a) Prepare the journal entry at the date of the Share issuance on 1 Jan and 1 Nov 2018. (b) Show how the Shares are presented in the Balance Sheet on 31 Dec 2018. Bradley Corporation is authorized to issue 30,000 shares of $10 par value ordinary shares Bradley Corporation issues 10,000 shares $10 par value per share on January 1, 2018 Bradley Corporation issues 10,000 shares $10 par value per share at $12 per share on Nov 1, 2018 Required (a) Prepare the journal entry at the date of the Share issuance on 1 Jan and 1 Nov 2018. (b) Show how the Shares are presented in the Balance Sheet on 31 Dec 2018.

Answer rating: 100% (QA)

a Journal Entries 1 January 1 2018 Debit Cash 10000 shares 10 100000 Credit Common Stock Ordinary Sh... View the full answer