Prepare the journal entry to record milton


1. Prepare the journal entry to record Miltone Company's issuance of 50,000 shares of $1 par value common stock assuming the shares sell for: a. $1 cash per share b. $3 cash per share

2. Prepare the journal entry to record Katrick Company's issuance of 75,000 shares of its common stock assuming the shares have a: a. $5 par value and sell for $12 cash per share. b. $5 stated value and sell for $12 cash per share.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Prepare the journal entry to record milton
Reference No:- TGS0716211

Expected delivery within 24 Hours