Prepare the journal entry to record Jevonte Company's issuance of 41,000 shares of its common stock assuming theshares have a:a. $3 par value and sell for $19 cash per share.b. $3 stated value and sell for $19 cash per share.View transaction listJournal entry worksheet<1Record the issuance of 41,000 shares of common stock assuming the shareshave a $3 par value and sell for $19 cash per share.2Note: Enter debits before credits.Transactiona.General JournalDebit Credit

Answer : Date Account title Debit Credit 1 Cash a/c Dr. (41000*$19) $779,000 To common…

Answered: have a: par value and sell for $19 cash…

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have a: par value and sell for $19 cash per share. stated value and sell for $19 cash per shar

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Prepare the journal entry to record Jevonte Company's issuance of 41,000 shares of its common stock assuming the
shares have a:
a. $3 par value and sell for $19 cash per share.
b. $3 stated value and sell for $19 cash per share.
View transaction list
Journal entry worksheet
<
1
Record the issuance of 41,000 shares of common stock assuming the shares
have a $3 par value and sell for $19 cash per share.
2
Note: Enter debits before credits.
Transaction
a.
General Journal
Debit Credit

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