Galaxy Tennis Corporation issues 1,000 shares of its $0.01 par value preferred stock to finance operations. The preferred stock was sold for $18 per share. Record the issuance of the preferred shares. (If no entry Is requlred for a particular transactlon/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet 1 > Record the issuance of preferred stock. Note: Enter debits before credits. Transaction General Journal Debit Credit 1
Galaxy Tennis Corporation issues 1,000 shares of its $0.01 par value preferred stock to finance operations. The preferred stock was sold for $18 per share. Record the issuance of the preferred shares. (If no entry Is requlred for a particular transactlon/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet 1 > Record the issuance of preferred stock. Note: Enter debits before credits. Transaction General Journal Debit Credit 1
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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