TAILIEUCHUNG - Liabilities and Equity Exercises III

Prepare journal entries to record each of the following independent stock issue situations. a) Max Graphics Corporation issued 500,000 shares of $ par value common stock. The issue price was $18 per share. b) Aztec Corporation issued 35,000 shares of no par common stock for $25 per share. c) Pyramid Play issued 60,000 shares of $50 par value preferred stock. The issue price was $76 per share. d) Paradise Land Management issued 15,000 shares of $1 par value common stock for land with a fair value of $250,000 | bookbooncom Liabilities and Equity Exercises III Larry M. Walther Christopher J. Skousen Download free books at Larry M. Walther Christopher J. Skousen Liabilities and Equity Exercises III Download free ebooks at 2 Liabilities and Equity Exercises III 2011 Larry M. Walther Christopher J. Skousen Ventus Publishing ApS. All material in this publication is copyrighted and the exclusive property of Larry M. Walther or his licensors all rights reserved . ISBN 978-87-7681-777-0 Download free ebooks at

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