Bryant Corporation issued 10,000 new shares of its $5 par common stock in conjunction with an employee stock compensation plan. On the date of issuance, the market value of the stock was $50 per share.
Prepare the journal entry to record this transaction. Omit explanations.

Question

Quizplus · Accepted Answer

The Answer of Bryant Corporation issued 10,000 new shares of its $5 par common stock in conjunction with an employee stock compensation plan. On the date of issuance, the market value of the stock was $50 per share.
Prepare the journal entry to record this transaction. Omit explanations.

Bryant Corporation Issued 10,000 New Shares of Its $5 Par