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Required information

Journal Entries $-$ Exercise $10-1($Algo$)$ Record the issuance of common stock $($LO$10-2)$

$[$The following information applies to the questions displayed below.$]$

DEFT Adventures began operations on January $1$ and engages in the following transactions during the year related to stockholders' equity.

January $1$ Issues $500$ shares of common stock for $$48$ per share.

April $1$ Issues $120$ additional shares of common stock for $$52$ per share.

Journal Entries $-$ Exercise $10-1($Algo$)$ Part $1$

Required:

Record the transactions, assuming DEFT Adventures has no$-$par common stock.

Note: If no entry is required for a particular transaction or event, select $"$No Journal Entry Required" in the first account field.

Journal entry worksheet

$1$

$2$

Record the issuance of $500$ shares of common stock for $$48$ per share.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,,,],[,,,],[,,,],[,,,]]$