Acc400 Financial Accounting: During its first year of operations, Kayandare Industries

Acc400 Financial Accounting

Problem:
During its first year of operations, Kayandare Industries had these transactions pertaining to its common stock.
January 7 issued 10,000 shares for cash at $18 per share
March 15 issued 15,000 shares for cash at $25 per share
September 30 issued 25,000 shares for cash at $30 per share

A. Journalize these transactions assuming that there is a stated value of $20 per share
B. Journalize these transactions assuming that there is no par value.
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