Prepare Journal Entry for Issuances of Stock

Prepare Journal Entry for Issuances of Stock

Question Description

Prepare journal entry to record the following issuances of stock;

A corporation issued 700 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $800.

The stock has a $1 per share stated value.

Why three dates are important in dividend relevance?

The following stock issuances should be recorded in the journal entry;

A company compensated its promoters with 700 shares of no-par common stock, valued at $800 each.

The stock is valued at $1 per share.

 

What is the significance of three dividend dates?

 

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