Please just complete missing boxes for both problems On June 1. Pronghorn Inc. issues 3,200 shares of no-par common stock at a cash price of $8 per share.Journalize the issuance of the shares assuming the stock has a stated value of $2 per share. (List all debit entries before credit entries.Credit account titles are automatically indented when amount is entered. Do not indent manually,)Date Account Titles and ExplanationDebitCreditJune 1Cash25,600Common Stock Bramble Inc's $ 10 par value common stock is actively traded at a market price of $ 14 per share. Bramble issues 4,700 shares topurchase land advertised for sale at $71,000.Journalize the issuance of the stock in acquiring the land. (List all debit entries before credit entries. Credit account titles are automaticallyindented when amount is entered. Do not indent manually.)Account Titles and ExplanationDebitCreditLandCommon Stock47,000Paid-in Capital in Excess of Par-Common Stock

Being to record issue of common stock

On June 1, Pronghorn Inc. issues 3,200 shares of no-par common stock at a cash price of $8 per share. Journalize the issuance of the shares assuming the stock has a stated value of $2 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually,) Date Account Titles and Explanation Debit Credit June 1 Cash 25,600 Common Stock

On June 1, Pronghorn Inc. issues 3,200 shares of no-par common stock at a cash price of $8 per share. Journalize the issuance of the shares assuming the stock has a stated value of $2 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually,) Date Account Titles and Explanation Debit Credit June 1 Cash 25,600 Common Stock

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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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