Unit 7 Assignment Q2.34

On May 10, Riverbed Corporation issues 2,750 shares of $ 10 par value common stock for cash at $ 20 per share Journalize the issuance of the stock (List all debit entries before credit entries Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 10 eTextbook and Media List of Accounts Attempts:0 of 5 used subool Answer On June 1. Blue Spruce Inc issues 2550 shares of no-par common stock at a cash price of $5 per share Journalize the issuance of the shares assuming the stock has a stated value of $2 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit June 1 eTextbook and Media List of Accounts save for at Attempts:0 of 5 used Submit Anwar Flint Inc's $ 10 par value common stock is actively traded at a market price of $ 14 per share. Flint issues 5,100 shares to purchase land advertised for sale at $ 73,000. Journalize the issuance of the stock in acquiring the land. (List all debit entries before credit entries. Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts:0 of 5 used Submit