ACL Systems issued 5,000 shares of $20 par value common stock at $45 per share. Requirements: Journalize

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ACL Systems issued 5,000 shares of $20 par value common stock at $45 per share.

Requirements:

Journalize the transactions. Explanations not required.

How much paid-in capital did these transactions generate for ACL Systems?

Related Book For answer-question

Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Posted Date: Nov 16, 2017 05:02 AM

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ACL Systems issued 5,000 shares of $20 par value common stock at $45 per share. Requirements: Journalize

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2Mar 12Jun 11Jul 28Nov Organization Expense Common Stock Paidin Capi... View the full answer

Core Concepts of Accounting

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