Prepare journal entries a. Issued 1,000 common shares at par for $15 to $54 cash. b. Issued
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Question:
Prepare journal entries
a. Issued 1,000 common shares at par for $15 to $54 cash.
b. Issued 1,400 unmatched shares of common stock in exchange for equipment with a fair market price of $24,000.
C. He bought 100 treasury shares for $26.
d. He sold 100 treasury shares purchased in (c) for $29.
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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