Question

Stanley Systems completed the following shares issuance transactions:
Apr 19 Issued 1,000 common shares for cash of $10.50 per share.
May 3 Sold 300 shares of $4.50, preferred shares for $15,000 cash.
11 Received inventory valued at $23,000 and equipment with a market value of $11,000. Issued 3,000 common shares in exchange.
Requirement
Journalize the transactions. Explanations are not required.


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  • CreatedJuly 08, 2015
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