Luke Corporation was authorized to issue 25,000 shares of common stock. Record the journal entry for each of the following independent situations, assuming Luke issues 11,000 shares at $12 on July 20, 202X:
View the independent situations.
(Record debits first, then credits. Exclude explanations from journal entries.)
a. Common stock has a $10 par value.
b. Common stock has no-par and no stated value.
c. Common stock is no-par stock with a stated value of $9.