FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Prepare the journal entry to record Jevonte Company's issuance of 36,000 shares of its common stock assuming the shares have a:
a. $4 par value and sell for $14 cash per share.
b. $4 stated value and sell for $14 cash per share.
View transaction list
Journal entry worksheet
1
Record the issuance of 36,000 shares of common stock assuming the shares
have a $4 par value and sell for $14 cash per share.
2
Note: Enter debits before credits.
Transaction
a.
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
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Transcribed Image Text:Prepare the journal entry to record Jevonte Company's issuance of 36,000 shares of its common stock assuming the shares have a: a. $4 par value and sell for $14 cash per share. b. $4 stated value and sell for $14 cash per share. View transaction list Journal entry worksheet 1 Record the issuance of 36,000 shares of common stock assuming the shares have a $4 par value and sell for $14 cash per share. 2 Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal
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