The Mars Corporation issued 2,000 shares of its $10 par value common stock for $70,000. The Mars Corporation also incurred $1,500 of costs associated with issuing the stock.
Prepare The Mars Corporation's journal entry to record the issuance of the company's stock.© BrainMass Inc. brainmass.com October 9, 2019, 11:15 pm ad1c9bdddf
Journal Entry for Mars Corporation
DR Cash 70000
CR Share capital ...
Instructions on how to prepare journal entries recording issuance of a company's stock are provided.