Record journal entries for the following separate transactions. -Note: As needed, use the account "Common...
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Record journal entries for the following separate transactions. -Note: As needed, use the account "Common Stock" for parts a through e, and use the accounts "Common Stock-Class A" and "Common Stock-Class B" for parts f and g. g. a. Max Inc. issued 11,000 shares of $1 par value common stock for $20 per share. b. Max Inc. issued 2,200 shares of no-par common stock for $25 per share. The state of incorporation requires a minimum value per share of $2. c. Max Inc. issued 1,100 shares of no-par common stock for $18 per share. d. Max Inc. issued 11,000 shares of $1 par value common stock for $18 per share and incurred $2,200 in legal fees related to the stock issuance. e. Max Inc. issued 22,000 shares of common stock ( $1 par) in exchange for equipment with a fair value of $391,600. common stock is $10 per share. common stock is unknown
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