Homework Answers
Journal
| Date | Account title | Debit | Credit |
| a | Cash | 1,827,000 | |
| Common stock | 1,827,000 | ||
| (To record issue of common stock for cash) | |||
| b | Land | 1,827,000 | |
| Common stock | 1,827,000 | ||
| (To record issue of common stock for Land) |
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Prepare the journal entry to record Autumn Company's issuance...
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Prepare the journal entry to record Zende Company's issuance of 72,000 shares of $6 par value common stock assuming the shares sell for: a. $6 cash per share. b. $7 cash per share.
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