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Home Q & A Board Other Fields Homework Help Business Accounting
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hannahk17 hannahk17
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6 years ago
Orange Office Supply Corporation completed the following stock issuance transactions:

Mar. 28Issued 5,000 shares of $4 stated value common stock for cash of $20 per share
May 1Received merchandise inventory with a market value of $46,000 in exchange for 2,000 shares of the $4 stated value common stock.
May 14Issued 450 shares of 5%, $20 par value preferred stock for $50 per share

Prepare the journal entries to record these transactions.  Explanations are not required.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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ediblefruitzediblefruitz
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6 years ago
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hannahk17 Author
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#2
6 years ago
Good timing, thanks!
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