Environmental Designs issues 4,000 shares of its $1 par value common stock at $14 per share. (1) Record the issuance of the stock. (2) Record the issuance of the stock assuming it is no-par value stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

1.Dr  Cash       $56,000

 Cr Common stock                            $4,000

  Cr Paid-in capital in excess of par $52,000

2.

  Dr  Cash                                   $56,000

 Cr Common stock no par value                $56,000

Explanation:

The cash proceeds from the issue of common stock is $14*4000=$56,000

Consequently, the cash account is debited with $56,000 and corresponding credit entries would to common stock account with $4,000($1*4000) and paid-in capital in excess of par $52,000($14-$1)*4000))

However,when there is no par amount the $56,000 cash proceeds is debited to cash account and credited to common stock no par value account

answer: d. characteristics of guests

explanation: it is directly related to the spending characteristics of attendees who fall into each of these categories:

the interest will be $59.71

hope this