On January 2, 2019, Best Corporation issued 3,000 shares of its $15 par-value common stock for...
On January 2, 2019, Best Corporation issued 3,000 shares of its
$15 par-value common stock for cash at $36 a share.
Prepare a journal entry to record the issuance of the
stock.
Journal entry worksheet
- Record the issuance of 3,000 shares of $15 par common stock at $36 per share.
Note: Enter debits before credits.
|
Homework Answers
January 02, 19 Cash A/c $108000 (3000*36)
Equity Share Capital $ 45000 (3000*15)
Share Premium $ 63000 (3000*21)
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