Environmental Designs issues 3,000 shares of its $1 par value common stock at $19 per share. (1) Record the issuance of the stock. (2) Record the issuance of the stock assuming it is no-par value stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Record the issuance of the stock. Transaction General Journal Debit Credit 1                                               Record the issuance of the stock assuming it is no-par value stock. Transaction General Journal Debit Credit 2

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 4RE: Sun Corporation issues 500 shares of 8 par common stock for a patent. The stock is currently selling...
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Environmental Designs issues 3,000 shares of its $1 par value common stock at $19 per share. (1) Record the issuance of the stock. (2) Record the issuance of the stock assuming it is no-par value stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

  • Record the issuance of the stock.
Transaction General Journal Debit Credit
1      
       
       
       
       
       
  • Record the issuance of the stock assuming it is no-par value stock.
Transaction General Journal Debit Credit
2      
       
       
       
       
       
 
 
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