James Incorporated is authorized to issue 5,000,000 shares of $1 par value common stock. In its second

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James Incorporated is authorized to issue 5,000,000 shares of $1 par value common stock. In its second year of business, the company has the following transactions:

Journalize the transactions.

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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Question Posted: Aug 16, 2022 07:39 AM

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James Incorporated is authorized to issue 5,000,000 shares of $1 par value common stock. In its second

Question:

Mar. 31 Jul. 9 Aug. 30 Issued 30,000 shares at $10 share Issued 100,000 shares in exchange for a building with a clearly determined value of $700,000 Purchased 7,000 shares of treasury stock at $9 per share

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Principles Of Accounting Volume 1 Financial Accounting

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