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

    Feb 25, 2014, 11:40 AM
    College Accounting
    STOCK ISSUANCE (PAR, NO-PAR, AND STATED VALUE) The following transaction occurred during January 20-- for Bremer Corporation:


    (a) Issued 5,000 shares of $10 par common stock for $50,000 cash.
    (b) Issued 4,000 shares of $10 par common stock for $45,000 cash.
    (c) Issued 4,000 shares of $10 par common stock for $37,000 cash.
    (d) Issued 5,000 shares of no-par common stock for $60,000 cash.
    (e) Issued 3,000 shares of no-par common stock for $40,000 cash.
    (f) Issued 5,000 shares of no-par common stock with a stated value of $8 per share of $40,000 cash.
    (g) Issued 2,000 shares of no-par common stock with a stated value of $8 per share for $15,000 cash.
    (h) Issued 3,000 shares of no-par common stock with a stated value of $8 per share for $26,000 cash.


    Prepare general journal entries to record the stock transactions, identifying each transaction by letter.

    Thank you in advance,

    Mary :)
    Cat1864's Avatar
    Cat1864 Posts: 8,007, Reputation: 3687
    Marriage Expert
    		  
    #2

    Feb 25, 2014, 11:44 AM
    Mary, we can give you help and guidance but we will not do your work for you.

    Where are you having problems with preparing the journal entries?
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