Environmental Designs issues 3,000 shares of its $1 par value common stock at $15 per
share. (1) Record the issuance of the stock. (2) Record the issuance of the stock assuming it
is no-par value stock.

Respuesta :

Environmental Designs issues 3,000 stocks of its $1 par cost not unusual stock at $15 per share. magazine entries required

1) coins (3000 stocks × $ 15)= $45,000  

    not unusual stock - at par (3000 shares × $ 1 par)= $3,000

    extra paid-in capital in extra of Par - not unusual inventory                           $45,000 - $three,000= $forty two,000

 (to document issuance of stock)    

     

2) coin =$45,000  

    not unusual inventory - no par =$45,000

 (to document issuance of stock)    

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Environmental design is the ordering of the big-scale factors of the environment by means of structure, engineering, panorama architecture, urban making plans, regional planning, and so forth., typically in a mixture. the have a look at or exercise of this.

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