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    dhungeln's Avatar
    dhungeln Posts: 2, Reputation: 1
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    #1

    Nov 10, 2010, 02:20 PM
    financial and accounting
    on may 10 troyer corporation issues 2000 shares of $5 per value common stock for cash at $13 per share. Journalize the issuance of stock.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Nov 10, 2010, 03:44 PM

    Debit Cash for the total amount received
    Credit Common stock for the number of shares issued * par value
    Credit Additional Paid-in Capital - Common for the difference
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