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Prepare the entry for the issuance

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Reference no: EM131698940

Question - Zeus Corporation issued 5,000 shares of stock.

Instructions - Prepare the entry for the issuance under the following assumptions.

(a)  The stock had a par value of $5 per share and was issued for a total of $65,000.

(b)  The stock had a stated value of $5 per share and was issued for a total of $65,000.

(c)  The stock had a par value of $5 per share and was issued to attorneys for services during in-corporation valued at $65,000.

(d)  The stock had a par value of $5 per share and was issued for land worth $65,000.

Reference no: EM131698940

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