S13-2 Journalizing issuance of stock-at par and at a premium Learning Objective 2 Guinness Corporation has...
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S13-2 Journalizing issuance of stock-at par and at a premium Learning Objective 2 Guinness Corporation has two classes of stock: common, $1 par value; and preferred, $15 par value. Requirements 1. Journalize Guinness' issuance of 5,000 shares of common stock for $14 per share. 2. Journalize Guinness' issuance of 5,000 shares of preferred stock for a total of $75,000. S13-2 Journalizing issuance of stock-at par and at a premium Learning Objective 2 Guinness Corporation has two classes of stock: common, $1 par value; and preferred, $15 par value. Requirements 1. Journalize Guinness' issuance of 5,000 shares of common stock for $14 per share. 2. Journalize Guinness' issuance of 5,000 shares of preferred stock for a total of $75,000.
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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