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QS 11-4 (Algo) Issuance of no-par common stock LO P1 Prepare the journal entry to record Autumn Company's issuance of 76,000 shares of no-par value common stock assuming the shares: a. Sell for $30 cash per share. b. Are exchanged for land valued at $2,280,000. View transaction list Journal entry worksheet 2 Record the issuance of 76,000 shares of no-par value common stock assuming the shares sell for $30 cash per share. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general journal

QS 11-4 (Algo) Issuance of no-par common stock LO P1 Prepare the journal entry to record Autumn Company's issuance of 76,000 shares of no-par value common stock assuming the shares: a. Sell for $30 cash per share. b. Are exchanged for land valued at $2,280,000. View transaction list Journal entry worksheet 2 Record the issuance of 76,000 shares of no-par value common stock assuming the shares sell for $30 cash per share. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general journal

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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QS 11-4 (Algo) Issuance of no-par common stock LO P1 Prepare the journal entry to record Autumn Company's issuance of 76,000 shares of no-par value common stock assuming the shares: a. Sell for $30 cash per share. b. Are exchanged for land valued at $2,280,000. View transaction list Journal entry worksheet 12 Record the issuance of 76,000 shares of no-par value common stock assuming the shares sell for $30 cash per share. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general Journal
Transcribed Image Text:QS 11-4 (Algo) Issuance of no-par common stock LO P1 Prepare the journal entry to record Autumn Company's issuance of 76,000 shares of no-par value common stock assuming the shares: a. Sell for $30 cash per share. b. Are exchanged for land valued at $2,280,000. View transaction list Journal entry worksheet 12 Record the issuance of 76,000 shares of no-par value common stock assuming the shares sell for $30 cash per share. Note: Enter debits before credits. Transaction Record entry General Journal Clear entry Debit Credit View general Journal
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