Chapter 13 Homework A (Question #2-5) Excercise 13-3 – Video

Posted: February 8, 2013 at 8:45 am


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Chapter 13 Homework A (Question #2-5) Excercise 13-3
Prepare journal entries to record the following four separate issuances of stock. (Omit the "$" sign in your response.) 1. A corporation issued 3500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $37000. The stock has no stated value. 2. A corporation issued 3500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $37000. The stock has a $1 per share stated value. 3. A corporation issued 7000 shares of $20 par value common stock for $168000 cash. 4. A corporation issued 1750 shares of $75 par value preferred stock for $168250 cash.

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Chapter 13 Homework A (Question #2-5) Excercise 13-3 - Video

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February 8th, 2013 at 8:45 am

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