View Policies Current Attempt in Progress Flint Corporation issued 1,900 shares of stock. Prepare the entry for the issuance under the following assumptions. (LUS all deblt entries before credit entries. Credit account titles are automatically Indented when amount Is entered. Do not Indent manually.) (a) The stock had a par value of $5.25 per share and was issued for a total of $46,500. (b) The stock had a stated value of $5.25 per share and was issued for a total of $46,500. (c) The stock had no par or stated value and was issued for a total of $46,500. (d) The stock had a par value of $5.25 per share and was issued to attorneys for services during incorporation valued at $46,500. (e) The stock had a par value of $5.25 per share and was issued for land worth $46,500. No. Account Titles and Explanation Debit Credit (a)
View Policies Current Attempt in Progress Flint Corporation issued 1,900 shares of stock. Prepare the entry for the issuance under the following assumptions. (LUS all deblt entries before credit entries. Credit account titles are automatically Indented when amount Is entered. Do not Indent manually.) (a) The stock had a par value of $5.25 per share and was issued for a total of $46,500. (b) The stock had a stated value of $5.25 per share and was issued for a total of $46,500. (c) The stock had no par or stated value and was issued for a total of $46,500. (d) The stock had a par value of $5.25 per share and was issued to attorneys for services during incorporation valued at $46,500. (e) The stock had a par value of $5.25 per share and was issued for land worth $46,500. No. Account Titles and Explanation Debit Credit (a)
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section16.2: Preparing A Statement Of Stockholders’ Equity
Problem 1OYO
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