Empresas La Sierra presents the following information: • On January 5, the company issues 25,000 common shares, with a par value of $ 25 in exchange for cash of $ 32. • On April 15, the company issues 50,000 shares, with a par value of $ 10 in exchange for cash of $ 11 Required: Post journal entries for January 5 and April 15 transactions.

Empresas La Sierra presents the following information: • On January 5, the company issues 25,000 common shares, with a par value of $ 25 in exchange for cash of $ 32. • On April 15, the company issues 50,000 shares, with a par value of $ 10 in exchange for cash of $ 11 Required: Post journal entries for January 5 and April 15 transactions.

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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