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  3. 10. on june 24, a corporation issued 30,000 shares

10. On June 24, a corporation issued 30,000 shares of $7 par common stock for...

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Accounting

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10. On June 24, a corporation issued 30,000 shares of $7 par common stock for $315,000. Journalize the transaction: (5.75 Points) Date Credit Debit Description/Account Illustrate how the above entry will affect the accounting equation: Assets Liabilities Stockholders' Equity 11. A corporation has 15,000 shares of $5 par common stock outstanding. On March 5", the company declares a $4 per share dividend to be paid on April 15" to stockholders of record on March 31" a. Journalize the declaration of the dividend: 13.25 pts) Date Description/Account Debit Credit illustrate how the above entry will affect the accounting equation: Assets Liabilities Stockholders' Equity b. Journalize the payment of the dividend: 13.25 pts] Date Description/Account Debit Credit illustrate how the above entry will affect the accounting equation: Assets Liabilities Stockholders' Equity

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