On January 2, 2019, AC Inc issued 50,000 shares of its no par value common stock ($50 stated value) for cash at $51 a share Prepare a journal entry to record the issuance of the stock Journal entry worksheet Record the issuance of 50,000 shares of no par common stock at $51 per share (stated value, $50 share) Note Enter debits before credits Date General Journal Debit Credit Jan 02, 2019

Question: On January 2, 2019, AC Inc. issued 50,000 shares of its no-par-value common stock ($50 stated value) for cash at $51 a share. Prepare a

On January 2, 2019, AC Inc. issued 50,000 shares of its no-par-value common stock ($50 stated value) for cash at $51 a share.

Prepare a journal entry to record the issuance of the stock.

Journal entry worksheet

Record the issuance of 50,000 shares of no-par common stock at $51 per share (stated value, $50/share).

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Jan 02, 2019

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