question archive The charter of Dogwood Corporation authors the issuance of 1
The charter of Dogwood Corporation authors the issuance of 1
Subject:BusinessPrice: Bought3
The charter of Dogwood Corporation authors the issuance of 1.000 shares of preferred stock and 2.600 shares of common stock. During a two-month period Dogwood completed these stock issuance transactions Click the icon to view the transactions) Read the requirements Requirement 1. Record the transactions in the general Journal (Record debits first, then credits Select the explanation on the last line of the journal entry tabi Mar 23: Issued 210 shares of $1 par value common stock for cash of $10 por share. Data Accounts and Explanation Debit Credit Mar. 23 Cash 2.100 Common Stock $1 Par Value 210 Pald-in Capital in Excess of Par-Common 190 Issued common stock for cash Apr 12: Received Inventory with a market value of $20,000 and equipment with a market value of $20,000 for 340 shares of the 51 par valve common stock Date Accounts and Explanation Debit Credit Apr 12
