Brief Exercise 13 04 On June 1, Novak Inc. issues 3,100 shares of no-par common stock at a cash price of $9 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. (Credit account titles are automatically indented when amount is entered Do not Indent manually.) Date Account Titles and Explanation Debet Credit June 1
Brief Exercise 13 04 On June 1, Novak Inc. issues 3,100 shares of no-par common stock at a cash price of $9 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. (Credit account titles are automatically indented when amount is entered Do not Indent manually.) Date Account Titles and Explanation Debet Credit June 1
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10MC: A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to record the...
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