enne Pharmaceuticals sold 10 million shares of its $1 par common stock to provide funds for research and development. If the issue price is $15 per share, what is the journal entry to record the sale of the shares? Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).

enne Pharmaceuticals sold 10 million shares of its $1 par common stock to provide funds for research and development. If the issue price is $15 per share, what is the journal entry to record the sale of the shares? Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).

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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