Business, 06.05.2021 18:50 Carriepruitt

Corporation issued 5,000 shares of Common stock. (8 points) Instructions Prepare the entry for the issuance under the following assumptions. Assume they received cash for the issuance. (a) The stock had a par value of $4 per share and was issued for a total of $85,000. (b) The stock had a stated value of $4 per share and was issued for a total of $80,000. (c) The stock had a par value of $4 per share and was issued to attorneys for services during in-corporation valued at $60,000. (d) The stock had no par value and was issued for land worth $110,000.

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Corporation issued 5,000 shares of Common stock. (8 points) Instructions Prepare the entry for the i...