Forgin Co. issued 500 common shares to We Can Advertize for advertising services. The shares currently are

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Forgin Co. issued 500 common shares to We Can Advertize for advertising services. The shares currently are valued at $24 per share, and the advertising services rendered are valued at $11,000.

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Provide the journal entry to be recorded with respect to issue of these shares.

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Intermediate Accounting Volume 2

ISBN: 9781260881240

8th Edition

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel

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Question Posted: Apr 05, 2023 12:42 AM

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Forgin Co. issued 500 common shares to We Can Advertize for advertising services. The shares currently are

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Intermediate Accounting Volume 2

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