Question

Sierra Systems completed the following share issuance transactions:
Sep 19 Issued 1,300 common shares for cash of $10.00 per share.
Oct 3 Sold 500 preferred shares for $25,000 cash.
11 Received inventory valued at $21,000 and equipment with a market value of $16,000. Issued 12,000 common shares in exchange.
Requirements
Journalize the transactions. Explanations are not required.


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  • CreatedJuly 08, 2015
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