During its first year of operations, Zhang's Electronics Incorporated completed the following transactions relating to shareholders' equity.
January : Issued shares of common stock for $ per share.
February : Issued shares of common stock to accountants for $ of professional services.
The articles of incorporation authorize shares of common stock with a par of $ per share and preferred shares with a par of $ per share.
Required:
Record the above transactions in general journal form.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Issued shares of common stock to accountants for $ of professional services.
