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During its first year of operations, Concord Corporation had the following transactions pertaining to its...

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Accounting

During its first year of operations, Concord Corporation had the following transactions pertaining to its common stock.

Jan. 10 Issued 69,500 shares for cash at $6 per share.

July 1 Issued 37,500 shares for cash at $8 per share.

Journalize the transactions, assuming that the common stock is no-par with a stated value of $2 per share. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

choose a transaction date

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

choose a transaction date

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

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