Question: this is the only information that was given 1. Benjamin Inc. was organized and authorized to issue 500,000 shares of $5 par value common stock

 this is the only information that was given 1. Benjamin Inc.
this is the only information that was given

1. Benjamin Inc. was organized and authorized to issue 500,000 shares of $5 par value common stock on January 1, 2013. January 1 Issued 10,000 shares of common stock for $75,000. January 1 Issued 500 shares of common stock in exchange for services rendered in connection with the organization of the company. The services were valued at $3,500. January 2 Issued 25,000 shares of common stock for a building on which the asking price was $250,000. We don't have a market value of the stock for that day. February 10 Issued 5,000 shares of common stock for $50,000

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