Genius

shares of common stock with a stated value

shares of common stock with a stated value




Wise Company had the following transactions.
1.	Issued 5,000 shares of common stock with a stated value of $10 for $130,000.
2.	Issued 2,000 shares of $100 par preferred stock at $108 for cash.

Instructions
Prepare the journal entries to record the above stock transactions.





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Answered
Other / Other
22 Mar 2016

Answers (1)

  1. Genius

    shares of common stock with a stated value

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