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  3. shares of its no-par common stock at $20 per share

shares of its no-par common stock at $20 per share. Without making journal entries, determine...

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Accounting

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shares of its no-par common stock at $20 per share. Without making journal entries, determine the total paid-in capital created by these transactions. E13-21 Journalizing issuance of stock Steller Systems completed the following stock issuance transactions: May 19 Jun. 3 11 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Issued 300 shares of $9, no-par preferred stock for $15,000 cash. Received equipment with a market value of $68,000 in exchange for 5,000 shares of the $3 par value common stock. Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Steller Systems? E13-22 Journalizing issuance of no-par stock Eates Corp. issued 8,000 shares of no-par common stock for $13 per share. Requirements 1. Record issuance of the stock if the stock: a. is true no-par stock. 03 e WE

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