Evans & Sons, Inc., is authorized to issue one million shares of $1 par value common stock.

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Evans \& Sons, Inc., is authorized to issue one million shares of \$1 par value common stock. The company actually sells 700,000 shares at $\$ 10$ per share. Prepare the journal entry to record the issuance of the 700,000 shares.

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Financial Accounting For Undergraduates

ISBN: 9781618533081

4th Edition

Authors: Wallace

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Question Posted: May 18, 2024 11:06 PM

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Evans & Sons, Inc., is authorized to issue one million shares of $1 par value common stock.

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Financial Accounting For Undergraduates

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