During its first year of operations, Coronado Corporation had the following transactions pertaining to its common stock. Jan. 10 Mar. 1 Issued 83,900 shares for cash at $6 per share. Issued 5,000 shares to attorneys in payment of a bill for $37,900 for services rendered in helping the company to incorporate. July 1 Issued 31,100 shares for cash at $8 per share. Sept. 1 Issued 61,600 shares for cash at $10 per share. Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share.

During its first year of operations, Coronado Corporation had the following transactions pertaining to its common stock. Jan. 10 Mar. 1 Issued 83,900 shares for cash at $6 per share. Issued 5,000 shares to attorneys in payment of a bill for $37,900 for services rendered in helping the company to incorporate. July 1 Issued 31,100 shares for cash at $8 per share. Sept. 1 Issued 61,600 shares for cash at $10 per share. Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share.

Name: During its first year of operations, Coronado Corporation had the fol
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Description: During its first year of operations, Coronado Corporation had the following transactions pertaining to its common stock.Jan. 10Mar. 1Issued 83,900 shares for cash at $6 per share.Issued 5,000 shares to attorneys in payment of a bill for $37,900 for

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 3CE: Prepare general journal entries for the following transactions of GOTE Company: (a) Received...

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