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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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Team Spirit, Inc., issues 240,000 shares of no-par common stock for $5 per share. The journal entry is:
| Â |
Cash |
240,000 |
|
Common Stock |
240,000 |
|
| Â |
Cash |
1,200,000 |
|
Common Stock |
240,000 |
|
|
Gain on the Sale of Stock |
960,000 |
|
| Â |
Cash |
1,200,000 |
|
Common Stock |
1,200,000 |
|
| Â |
Cash |
1,200,000 |
|
Common Stock |
480,000 |
|
|
Paid-in Capital in Excess of Stated Value—Common |
720,000 |
Â
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