Prepare journal entries to record the following selected transactions. January 10 Issued 121,000 shares of $2 par value common stock for $7 cash per share. January 15 Issued 11,900 shares of $2 par value common stock in exchange for equipment with a market value of $89,000. February 1 Issued 600 shares of $2 par value common stock to its promoters in exchange for their efforts, estimated to be worth $4,900. View transaction list Journal entry worksheet < A в с Issued 121,000 shares of $2 par value common stock for $7 cash per share. Note: Enter debits before credits Date January 10 General Journal Debit Credit
Prepare journal entries to record the following selected transactions. January 10 Issued 121,000 shares of $2 par value common stock for $7 cash per share. January 15 Issued 11,900 shares of $2 par value common stock in exchange for equipment with a market value of $89,000. February 1 Issued 600 shares of $2 par value common stock to its promoters in exchange for their efforts, estimated to be worth $4,900. View transaction list Journal entry worksheet < A в с Issued 121,000 shares of $2 par value common stock for $7 cash per share. Note: Enter debits before credits Date January 10 General Journal Debit Credit
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter11: Accounting For Transactions Using A General Journal
Section: Chapter Questions
Problem 3AP
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