Journal Entries
Presented below is information related to NewCo Corp shareholder transactions
a) Prepare the general journal entries necessary to record these transactions. Identify each transaction by the date, and if no entry is required, write “No Entry.”
(b) How many shares were outstanding as of December 31, 2023.
(c) How would the journal entries change if #3 was a 3:1 stock split?
(d) How would the journal entries change if #3 was a 3:1 stock split in the form of a stock dividend?
Prepare the general journal entries necessary to record these transactions. Identify each transaction by the date, and if no entry is required, write “No Entry.”
