ACC 226 Q13-2Check Point: Stock Issuances, Dividends, and Splits
QS 13-2Prepare the journal entry to record each separate transaction.
Check Point: Stock Issuances, Dividends, and Splits
Complete Quick Study questions
QS 13-2Prepare the journal entry to record each separate transaction.
( a) On March 1, DVD Co. issues 44,500 shares of $4 par value common stock for $255,000 cash.
( b) On April 1, GT Co. issues no-par value common stock for $50,000 cash.
( c) On April 6, MTV issues 2,000 shares of $20 par value common stock for $35,000 of inventory, $135,000 of machinery, and acceptance of a $84,000 note payable.
800–1,000 words Points Possible: 100 Due Date: 4/27/2015 11:59:59 PM CT [removed] ...
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