Zeus Corporation issued 5000 shares of stock.
Instructions
Prepare the entry for the issuance under the following assumptions.
(a) The stock had a par value of $5 per share and was issued for a total of $65000.
(b) The stock had a stated value of $5 per share and was issued for a total of $65000.
(c) The stock had a par value of $5 per share and was issued to attorneys for services during in-corporation valued at $65000.
(d) The stock had a par value of $5 per share and was issued for land worth $65000.

Question

Quizplus · Accepted Answer

The Answer of Zeus Corporation issued 5000 shares of stock.
Instructions
Prepare the entry for the issuance under the following assumptions.
(a) The stock had a par value of $5 per share and was issued for a total of $65000.
(b) The stock had a stated value of $5 per share and was issued for a total of $65000.
(c) The stock had a par value of $5 per share and was issued to attorneys for services during in-corporation valued at $65000.
(d) The stock had a par value of $5 per share and was issued for land worth $65000.

Zeus Corporation Issued 5000 Shares of Stock