On May 10, Pina Colada Corp. issues 2,100 shares of $4 par value common stock for cash at $14 per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when amount is entered. Do required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit May 10 eTextbook and Media IN

On May 10, Pina Colada Corp. issues 2,100 shares of $4 par value common stock for cash at $14 per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when amount is entered. Do required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit May 10 eTextbook and Media IN

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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