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Prepare the necessary journal entry for each of the following transactions for Zenia Corporation.
(a) Issued 2,000 shares of its $5 par value common stock for $20 per share.
(b) Issued 5,000 shares of its stock for land advertised for sale at $90,000. Zenia's stock is actively traded at a market price of $16 per share.
Human Characteristics
Traits or features that define or distinguish human populations and individuals.
Logotype
A unique design of a company’s name in a specific, fixed style of type, used as a visual symbol of the company’s identity.
Trademark Office
A government agency responsible for registering and protecting trademarks, which are symbols, logos, or names that distinguish goods and services.
Trademark Infringement
The illicit application of a trademark or service mark to products and/or services without permission, in a way that may lead to confusion, deceit, or error regarding the origin of those goods and/or services.
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