Dobbs Hardware recorded the following in its tabular analysis. What is the nature of the transaction...
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Dobbs Hardware recorded the following in its tabular analysis. What is the nature of the transaction recorded on June 1? Stockholders' Equity Assets Liabilities Accounts + Cash Payable Unearned Revenue + Common Stock Pd.-in Cap. + + Excess Revenues Expenses Jan. 1 31,600 Jun. 1 7,100 2,100 5,000 O Issuance of common stock at less than par value Issuance of treasury stock above par value Issuance of common stock at par value O Issuance of common stock above par value Dobbs Hardware recorded the following in its tabular analysis. What is the nature of the transaction recorded on June 1? Stockholders' Equity Assets Liabilities Accounts + Cash Payable Unearned Revenue + Common Stock Pd.-in Cap. + + Excess Revenues Expenses Jan. 1 31,600 Jun. 1 7,100 2,100 5,000 O Issuance of common stock at less than par value Issuance of treasury stock above par value Issuance of common stock at par value O Issuance of common stock above par value
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