please answer in the correct format ABC Company issues 1,000...
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Accounting
please answer in the correct format
ABC Company issues 1,000 shares of Common Stock with a $10 par value. ABC receives $25,000 cash in exchange for the shares. Record the journal entry to issue the common Stock. Your journal entry should be in the following format: Debit Account Name Amount Credit Account Name Amount On January 1, ABC Company issues bonds with a face value of $1,000,000 and pay 6% interest semi-annually on June 30 and December 31 . The bonds mature in 10 years. ABC issues the bonds at face value. Record the joumal entry to issue the bonds. Your journal entry should be in the following format: Debit Account Name Amount Credit Account Name Amount Edit View Insert Format Tools Table 12pt Paragraph B I U A 2 T2


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