all entries are for bluestar airlines. on June 1, 2023 blue start Airlines authorized 650,000...

70.2K

Verified Solution

Question

Accounting

all entries are for bluestar airlines. on June 1, 2023 blue start Airlines authorized 650,000 shares at seven dollar par value. A) on august.... please answer all questions
image
ALL ENTRIES ARE FOR BLUESTAR AIRLINES On June 1st, 2023 BlueStar Airlines authorized 650,000 shares at $7 par value. A) On August 15, 2023, BlueStar issued 200,000 shares at $7 per. share. Do a JE to record the sale? You are going to debit for the amount of : you are going to credit B) On September 13 th 2023, BlueStar issued 275,000 shares at $9 per share. Do a JE to record the sale? You are going to debit for the amount of : you are going to credit lastly you will credit Paid-in Capital Common Stock for the amount of

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students