This is all the information that is given. We are supposed to fill in the excel...

This is all the information that is given. We are supposed to fill in the excel form

Equity Journal Entries




   a. The stock has a $2 par value.
   b. The stock has neither par nor stated value.
   c. The stock has a $5 stated value.


   No   General Journal   Debit   Credit
   A



   B


   C

Expert Solution

If an company issues stock whether it is at par value or stated value amount of stock value at par or stated value is credited to common stock and balance if any is credited to Additional paid in capital.

Debit is given to cash or bank

ekkarill92 answered 1 year ago

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