Solution-Prepare the entry for the issuance under the

Prepare the entry for the issuance under the following

Reference no: EM131132087

Grossman Corporation issued 1,000 shares of stock.

Instructions

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.

(b) The stock had a stated value of $5 per share 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.

(e) The stock had a par value of $5 per share and was issued for land worth $52,000.

Reference no: EM131132087

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Prepare the entry for the issuance under the following

Reference no: EM131132087

Reference no: EM131132087

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