Question $3$ of $3$

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On May $10,$ Sandhill Corporation issues $3,000$ shares of $$6$ par value common stock for cash at $$12$ per share.

Prepare a tabular summary to record the issuance of the stock. Include margin explanations for changes in revenues and expenses. $($If a

transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered

for the particular Asset, Liability or Equity item that was reduced.$)$

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