On June 1, Bridgeport Inc. issues 2,650 shares of no-par common stock at a cash price of $10 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually! Date Account Titles and Explanation June Debit Credit
On June 1, Bridgeport Inc. issues 2,650 shares of no-par common stock at a cash price of $10 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually! Date Account Titles and Explanation June Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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On June 1, Bridgeport Inc. issues 2,650 shares of no-par common stock at a cash price of $10 per share.
Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. List all debit entries before credit entries.
Credit account titles are automatically indented when amount is entered. Do not indent manually
Date Account Titles and Explanation
June 1
eTextbook and Media
List of Accounts
Save for Later
Debit
Credit
Attempts: unlimited Submit Answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F956ceb24-c6a8-4218-a305-e38938129f02%2F9605dcf0-4a51-4c2a-a385-43637d6c0a87%2Fah1jbhg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Current Attempt in Progress
On June 1, Bridgeport Inc. issues 2,650 shares of no-par common stock at a cash price of $10 per share.
Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. List all debit entries before credit entries.
Credit account titles are automatically indented when amount is entered. Do not indent manually
Date Account Titles and Explanation
June 1
eTextbook and Media
List of Accounts
Save for Later
Debit
Credit
Attempts: unlimited Submit Answer
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