17.00 10.00 points M11-4 Recording the Sale of Common Stock LO11-3 To expand operations, Aragon...
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17.00 10.00 points M11-4 Recording the Sale of Common Stock LO11-3 To expand operations, Aragon Consulting issued 171,000 shares of previously unissued stock with a par value of $1. Investors purchased the stock for $26 per share a. Sale of the above stock. b. Sale of above stock if the par value was $5 per share Prepare journal entries for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the sale of 171,000 shares of stock with a par value of $1. The selling price was $26 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
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