1601 75 114 complete) Al City Realty, Inc. issued 6,000 shares of 5 stated value common stock for $11 per share. The journal entry to record this transaction includes a credit to O A.
Common Stock — $5 Stated Value for $36,000 O B. Pald – In Capital in Excess of Stated — Common for $30,000 OC. Common Stock for 566,000 OD. Paid – In Capital in Excess of Stated — Common for $35,000Get Accounting homework help