B-14.03 Problem

B-14.03 Problem - (c) Laser Golf issued 40,000 shares of...

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B-14.03 Prepare journal entries to record each of the following independent stock issue situations. (a) Sherri Hui Corporation issued 100,000 shares of $1 par value common stock. The issue price was $30 per share. (b) Ariana Corporation issued 50,000 shares of no par common stock for $10 per share.
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Unformatted text preview: (c) Laser Golf issued 40,000 shares of $100 par value preferred stock. The issue price was $102 per share. (d) Charleston Industries issued 5,000 shares of $5 par value common stock for land with a fair value of $75,000....
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

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