Business, 06.05.2020 01:34 montrellgoodman5890

During its first year of operations, Nash Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 82,700 shares for cash at $7 per share. Mar. 1 Issued 5,000 shares to attorneys in payment of a bill for $36,700 for services rendered in helping the company to incorporate. July 1 Issued 33,400 shares for cash at $9 per share. Sept. 1 Issued 61,500 shares for cash at $11 per share.(a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share.
(b) Prepare the journal entries for these transactions, assuming that the common stock is no-par with a stated value of $3 per share

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