Question

Abgenix Corp. was authorized to issue an unlimited number of common shares. During January 2014, its first month of operations, the following selected transactions occurred:


Required
a. Journalize the above transactions.
b. Prepare the equity section of Abgenix’s balance sheet at January 31, 2014.
c. What was the average issue price per commonshare?


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  • CreatedJanuary 08, 2015
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