Pronghorn Inc. issued 4.200 of its common shares common shares for $ 4.90 each. The company incurred $ 3,200 in costs associated with issuing the common shares. Prepare the journal entry to record the issuance of the common shares. (Credit aount titles are automaticaly indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts)
Pronghorn Inc. issued 4.200 of its common shares common shares for $ 4.90 each. The company incurred $ 3,200 in costs associated with issuing the common shares. Prepare the journal entry to record the issuance of the common shares. (Credit aount titles are automaticaly indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts)
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter13: Earnings Per Share (eps)
Section: Chapter Questions
Problem 1R: Ponce Towers, Inc., had 50,000 shares of common stock and 10,000 shares of 100 par value, 8%...
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