Question

Q. question 2

The Shoe Exchange issues 4,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is
$12 per share.
What is the entry to record the issuance of the stock? (If no entry is required for a particular transaction/event, select "No Journal
Entry Required" in the first account field.)
View transaction list
Journal entry worksheet
K
Record the issuance of the stock
Note: Enter debits before credits.
Credit
Transaction
General Journal
Debit
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Transcribed Image Text:The Shoe Exchange issues 4,000 shares of its $1 par value common stock to provide funds for further expansion. The issue price is $12 per share. What is the entry to record the issuance of the stock? (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet K Record the issuance of the stock Note: Enter debits before credits. Credit Transaction General Journal Debit
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