On Jan 1, Niumbus ent. issues 4,550 shares of no-par common stock at a cash price of P9 per share. Journalize the issuance of the shares assuming the stock has a stated value of P1 per share.
On Jan 1, Niumbus ent. issues 4,550 shares of no-par common stock at a cash price of P9 per share. Journalize the issuance of the shares assuming the stock has a stated value of P1 per share.
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 1RE: Brown Corporation issues 800 shares of its 5 par common stock for 20 per share. Prepare the journal...
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