Solved: Castalia inc issued shares of its 400 par value common, Accounting Basics

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Castalia inc issued shares of its 400 par value common

Question - Castalia Inc. issued shares of its $4.00 par value common stock on September 4, 2013, for $11.80 per share. The Additional Paid-In Capital-Common Stock account was credited for $741,000 in the journal entry to record this transaction.

How many shares were issued on September 4, 2013?

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Accounting Basics: Castalia inc issued shares of its 400 par value common

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Accounting Basics: Castalia inc issued shares of its 400 par value common

Reference No:- TGS02517246

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