Detailed description of journal entry

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Reference no: EM1357217

The Mars Corporation issued 2,000 shares of its $10 par value common stock for $70,000. The Mars Corporation also incurred $1,500 of costs associated with issuing the stock.

Prepare The Mars Corporation's journal entry to record the issuance of the company's stock.

Reference no: EM1357217

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Detailed description of journal entry : The Mars Corporation issued 2,000 shares of its $10 par value common stock for $70,000. The Mars Corporation also incurred $1,500 of costs associated with issuing the stock.

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