Business, 17.04.2020 00:22 giselabarajas24

During its first year of operations, Whispering Winds Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 26,600 shares for cash at $6 per share. July 1 Issued 58,000 shares for cash at $7 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $6 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.

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During its first year of operations, Whispering Winds Corp. had these transactions pertaining to its...

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