Anslo Fabricating, Inc. is authorized to issue 10,000,000 shares of $5 stated value common stock. During the year, the company has the following transactions: Jan. 3 Issued 61,000 shares at $10 per share. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank.

Anslo Fabricating, Inc. is authorized to issue 10,000,000 shares of $5 stated value common stock. During the year, the company has the following transactions: Jan. 3 Issued 61,000 shares at $10 per share. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 8EA: Anslo Fabricating, Inc. is authorized to issue 10,000,000 shares of $5 stated value common stock....

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