Part 2. Common Stock On July 2, SpaceShifter Inc. issued 62,000 shares of $3.00
ID: 2490432 • Letter: P
Question
Part 2. Common Stock
On July 2, SpaceShifter Inc. issued 62,000 shares of $3.00 par value common stock.
Prepare the journal entry if the shares are issued for $10.00 per share. Enter your answers in the shaded boxes.
General Journal
Date
Account Names
Debit
Credit
Jul. 2
To record sale of stock
Prepare the journal entry if the shares are issued for $6.00 per share. Enter your answers in the shaded boxes.
General Journal
Date
Account Names
Debit
Credit
Jul. 2
To record sale of stock
General Journal
Date
Account Names
Debit
Credit
Jul. 2
To record sale of stock
Explanation / Answer
1- cash debit 620000
credit common stock 186000
credit additional paid in capital 434000
2- cash debit 372000
credit common stock 186000
credit additional paid in capital 186000