Stoltz Realty Inc. issued for cash 80,000 shares of no-par common stock (with a staled value of $3) at $12. On July 6, Stollz Realty Inc. issued at par value 18,000 shares of preferred 1% stock, $50 par for cash. On September 15, Stoltz Really Inc. issued for cash an additional 50,000 shares of no-par common stock (with a stated value of $3) for $15. Journalize the entries to record the May 23, July 6, and September 15 transactions.
Stoltz Realty Inc. issued for cash 80,000 shares of no-par common stock (with a staled value of $3) at $12. On July 6, Stollz Realty Inc. issued at par value 18,000 shares of preferred 1% stock, $50 par for cash. On September 15, Stoltz Really Inc. issued for cash an additional 50,000 shares of no-par common stock (with a stated value of $3) for $15. Journalize the entries to record the May 23, July 6, and September 15 transactions.
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter15: Shareholders’ Equity: Capital Contributions And Distributions
Section: Chapter Questions
Problem 12E
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Entries for issuing stockOn May 23, Stoltz Realty Inc. issued for cash 80,000 shares of no-par common stock (with a staled value of $3) at $12. On July 6, Stollz Realty Inc. issued at par value 18,000 shares of
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