New folder (54,518 unread) - myFSCJ Q under Q e: 70 Knighthood Inc. issued 11,000 shares of common stock. Prepare entries to record each of the following independent situations related to this issue of stock. a) Stock issued for $25 cash per share when par value was $5 per share. Date Description Debit Credit b) Stock issued in exchange for equipment costing $10,000 when the stock had no par or stated value. Date Description Debit Credit c) Stock issued for $14000 cash when the stock had a stated value of $1 per share. Date Description Debit Credit Get help: Video Video Points possible: 10 This is attempt 1 of 3