Shannon Corporation issues common stock for $25,000. Recording this transaction will include a:.

the complete journal entry for this transaction will be:

Date, issuance of common stocks

Dr Cash 25,000

    Cr Common stock 25,000

If the par value of the stocks was lower than $25,000, for e.g. $15,000, instead of crediting only common stock account, you would need to credit both common stock (for $15,000) and additional paid in capital account (for $10,000).

answer; i believe the correct answer is (treasury bills);

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.