Osage corporation issued 2850 shares of stockprepare the, Ask an Expert

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Osage Corporation issued 2,850 shares of stock.

Prepare the entry for the issuance under the following assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,650.)

(a) The stock had a par value of $10 per share and was issued for a total of $56,500.

(b) The stock had a stated value of $10 per share and was issued for a total of $56,500.

(d) The stock had a par value of $10 per share and was issued to attorneys for services during incorporation valued at $56,500.

(e) The stock had a par value of $10 per share and was issued for land worth $56,500.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92641109

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