A corporation issues 2850 shares of common stock for 91200, Accounting Basics

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A corporation issues 2850 shares of common stock for 91200

Question: 1- A corporation issues 2,500 shares of common stock for $ 45,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

2- A corporation issues 2,850 shares of common stock for $91,200. The stock has a stated value of $15 per share. What amount of credit to Common Stock would the journal entry to record the stock issuance include?

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Accounting Basics: A corporation issues 2850 shares of common stock for 91200

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