Journalize issuance of common stock During its firstyr of operations, Kay Indust

Question

Journalize issuance of common stock During its firstyr of operations, Kay Industries had thesetransactions pertaining to its common stock. January 7 issued 10,000 shares for cash at $18 per share March 15 issued 15,000 shares for cash at $25 per share September 30 issued 25,000 shares for cash at $30 pershare Journalize these transactions assuming that there is a statedvalue of $20 per share JOurnalize these transactions assuming that there is no parvalue. Journalize issuance of common stock During its firstyr of operations, Kay Industries had thesetransactions pertaining to its common stock. January 7 issued 10,000 shares for cash at $18 per share March 15 issued 15,000 shares for cash at $25 per share September 30 issued 25,000 shares for cash at $30 pershare Journalize these transactions assuming that there is a statedvalue of $20 per share JOurnalize these transactions assuming that there is no parvalue.

Explanation / Answer

x.Xrnalize these transactions assuming that there is a stated value of $20 per share

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