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On May 10, Omika Corp. issues 2,500 shares of $5 par value common stock for...

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Accounting

On May 10, Omika Corp. issues 2,500 shares of $5 par value common stock for cash at $13 per share

Journalize the entries for the issuance of stock.

2.). On June 1, Soares Corp issues 3,000 shares on no-par common stock at a cash price of $7 per share.

Journalize the transaction.

3.). What questions about cash are answered by the CFS?

4.)Distinguish and describe the three different activities reported by the CFS.

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