DP edited E11-6(Algo) Recording and Reporting Stockholders' Equity Transactions [LO 11-2, LO 11-4] ...
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Accounting
DP edited EAlgo Recording and Reporting Stockholders' Equity Transactions LO LO
Ava School of Learning obtained a charter at the start of the year that authorized shares of nopar common stock and shares of preferred stock, par value $ During the year, the following selected transactions occurred:
Collected $ cash per share from four individuals and issued shares of common stock to each.
Issued shares of common stock to an outside investor at $ cash per share.
Issued shares of preferred stock at $ cash per share.
Required:
Prepare the journal entries indicated for each of these transactions.
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