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    Raptor22's Avatar
    Raptor22 Posts: 1, Reputation: 1
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    #1

    Feb 13, 2013, 07:11 PM
    On June 1 Penner Inc. issues 3,000 shares of no-par common stock at a cash price of $
    On June 1 Penner Inc. issues 3,000 shares of no-par common stock at a cash price of $6 per share. Journalize the issuance of the shares.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Feb 13, 2013, 08:47 PM
    Your accounts are Common Stock (owners equity )and Cash (asset).
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