Dallkin Corporation issued 5,000 shares of common stock on January 1, 2015. The stock has no par value and was sold at $18 per share. Please provide the journal entry for this transaction.
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Question

Dallkin Corporation issued 5,000 shares of common stock on January 1, 2015. The stock has no par value and was sold at $18 per share. Please provide the journal entry for this transaction.
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\hline \quad\quad\quad\quad\quad& \quad\quad&\quad\quad \
\hline & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Dallkin Corporation issued 5,000 shares of common stock on January 1, 2015. The stock has no par value and was sold at $18 per share. Please provide the journal entry for this transaction.
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\hline & & \
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Dallkin Corporation Issued 5,000 Shares of Common Stock on January $\begin{array} { | l | l | l | } \hline \quad\quad\quad\quad\quad& \quad\quad&\quad\quad \\\hline & & \\\hline\end{array}$