Accountng ssistance needed

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03.pdf

GENERAL JOURNAL  

Date Accounts Debit Credit

(a)

To record issue of 100,000 shares of $1 par value common stock at $30 per share

(b)

To record issue of 50,000 shares of no par value common stock at $10 per share

(c)

To record issue of 40,000 shares of $100 par value preferred stock at $102 per share

(d)

To record issue of 5,000 shares of $5 par value common stock for land with a fair value of $75,000

Recording stock issues B-14.03