Abgenix Corp was authorized to issue an unlimited number of

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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