Question: Exercise 1 On May 10, Chen Co. issues 2,000 6 par value ordinary shares for cash at 13 per share. Journalize the issuance of the

Exercise 1

On May 10, Chen Co. issues 2,000 6 par value ordinary shares for cash at 13 per share. Journalize the issuance of the shares.

Prepare entries for issuance of par value ordinary shares.

Exercise 2

On June 1, Federia Ltd. issues 4,500 nopar ordinary shares at a cash price of HK$600 per share. Journalize the issuance of the shares assuming the shares have a stated value of HK$200 per share.

Prepare entries for issuance of nopar value ordinary shares.

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