5. Presented below is information related to Wyrick Company Th e company is granted 12,000...
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Accounting
5. Presented below is information related to Wyrick Company Th e company is granted 12,000 shares of common stock are issued to the founders o a share for the common stock. a charter that authorizes issuance of 15,000 shares of 100 par value preferred stock and 40,000 shares of no-par common sto land valued by the board of directors at $400,000. The board establishes a s 4. The company issues 200 shares of common stock to its atto 2. the corporation for at $110 per share. osts associated with starting the company. At that time, the common stock was selling at 560 per share. Instructions Prepare the general journal entries necessary to record these transactions
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