Vaden Corporation is authorized to issue 5 0 , 0 0 0 shares of $ 2 par
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Question:
Vaden Corporation is authorized to issue shares of $ par value common stock. During Vaden engaged in the following transactions:
Issued shares of stock to attorneys in payment of a bill for $ for services rendered in helping the company to incorporate.
Issued shares of stock at $ per share.
Issued shares of stock for land. The asking price of the land was $ The fair market value of the land was $
Required:
Prepare the journal entries to record these transactions.
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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