Prepare the necessary journal entry for each of the following transactions for Waterway Corporation. (List...
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Accounting
Prepare the necessary journal entry for each of the following transactions for Waterway Corporation. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually? (a) Issued 2,600 shares of its $10 par value common stock for $21 per share. (b) Issued 5,700 shares of its stock for land advertised for sale at $95,000. Waterway's stock is currently actively traded at a marketprice of $15 per share. No. Account Titles and Explanation Debit Credit (a) (b)
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