Question

Brief Exercise 8-13 On May 10, Blue Spruce Corp. issues 3,300 shares of $4 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity Item that was reduced.) Assets - Liabilities + Stockholders' Equity Paid-in-Capital Retained Earnings PIC in Excess of Common * Par Value Stock Com. Revenue Expense Dividend Cash May 10 Click if you would like to Show Work for this question: Open Show Work

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Given In question On May 10, 3300 Shares of $ 4 par vale issued at cash price of $ 15 Please find below the tabular summary in required format Asset = Liabilities + Cash May-10 $ 49,500 = Explanation (3300*15) Stockholders Equity Paid In capital Retained Earnings Common Stock + PIC in excess of par value Com. + Revenue - Expense - Dividend $ 13,200 $ 36,300 0.00 - 0.00 0.00 (3300*4) [3300*(15-4)] 0.00