Business, 18.08.2020 23:01 GlitterGayness

On June 1, Noonan Inc. issues 4,000 shares of no-par common stock at a cash price of S6 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. BE11-4 Lei Inc.'s $10 par value common stock is actively traded at a market price of $15 r share. Lei issues 5,000 shares to purchase land advertised for sale at $85,000. Journal- ize the issuance of the stock in acquiring the land.

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On June 1, Noonan Inc. issues 4,000 shares of no-par common stock at a cash price of S6 per share. J...

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