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Nash Corporation issued 2,300 shares of its $10 par value common stock for $63,300. Nash also incurred $1,700 of costs associated with issuing the stock. Prepare Nash's journal entry to record the issuance of the company's stock. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) tien Dobit Credit

Nash Corporation issued 2,300 shares of its $10 par value common stock for $63,300. Nash also incurred $1,700 of costs associated with issuing the stock. Prepare Nash's journal entry to record the issuance of the company's stock. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) tien Dobit Credit

FINANCIAL ACCOUNTING
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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Nash Corporation issued 2,300 shares of its $10 par value common stock for $63,300. Nash also incurred $1,700 of costs associated with issuing the stock. Prepare Nash's journal entry to record the issuance of the company's stock. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit A
Transcribed Image Text:Nash Corporation issued 2,300 shares of its $10 par value common stock for $63,300. Nash also incurred $1,700 of costs associated with issuing the stock. Prepare Nash's journal entry to record the issuance of the company's stock. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit A
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