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issuing Common Stock Valdez Manufacturing sold 21,250 shares of common stock to stockholders at the...

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Accounting

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issuing Common Stock Valdez Manufacturing sold 21,250 shares of common stock to stockholders at the time of its incorporation. Vaidez recelved $24.40 per share for the stock. Requiredi 1. Assume that the stock has a $20 par value per share. Prepare the joumal entry to record the sale and issue of the stock. If an amount box does not require an eotrn leave it blank. 2. Assume that the stock has a $15 stated value per share. Prepare the joumal entry to record the sale and iswe of the stock. If an amount box does not require an entry, leave it bank. 3. Assume that the stock has no par value and no stated value, Prepare the journal entry to record the sale and issue of the atock. If an ambunt box does not reauire an entry, leave it biank: 4. Concephual Connection: How do Te different par values affect total contreuted capital and total stockholders' equity? The different par values total capital stock or total stockhoiders' equity

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