Question: ( a ) Issued 2 3 , 5 0 0 shares at $ 5 5 per share. ( b ) Issued 1 1 , 0

(a) Issued 23,500 shares at $55 per share.
(b) Issued 11,000 shares for equipment having a $715,000 asking price. The stock had a market value of $70 per share.
Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No. Account Titles and Explanation
Debit
Credit
(a)
(b)
(a) Issued 23,500 shares at $55 per share. (b) Issued 11,000

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