At fiscal year-end 2016, Martin Legal Services and Kramer Doughnuts reported these adapted amounts on their balance
Question:
Assume each company issued its stock in a single transaction. Journalize each company's issuance of its stock, using its actual account titles. Explanations are not required.
Transcribed Image Text:
A1 Martin Legal Services: Common stock,50.01 parvalue2100shares issued Additional paid-in capital S21 17,700 A1 Kramer Doughnuts: Common stock, no par value, 67 shares issued 294
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Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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