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  • Nov 15, 2011, 12:43 PM
    Cowanda1
    Journalize the transactions, assuming that the common stock is no-par with a stated
    During its first year of operations, Ritter Corporation had these transactions pertaining
    to its common stock.
    Jan. 10 Issued 90,000 shares for cash at $5 per share.
    July 1 Issued 50,000 shares for cash at $7 per share.
    Journalize the transactions, assuming that the common stock is no-par with a stated
    value of $1 per share

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