Solution-Prepare the entry for the issuance under the

Prepare the entry for the issuance under the assumptions

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Reference no: EM13526362

Prepare the entry for the issuance under the following assumptions.

a. The stock had a par value of $5 per share and was issued for a total of $52,000. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

b. The stock had a stated value of $5 per share and was issued for a total of $52,000. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

c. The stock had no par or stated value and was issued for a total of $52,000.

d. The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $52,000. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

e. The stock had a par value of $5 per share and was issued for land worth $52,000. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)

Reference no: EM13526362

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Prepare the entry for the issuance under the assumptions

Reference no: EM13526362

Reference no: EM13526362

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