Stanley Systems completed the following shares issuance transactions: Apr 19 Issued 1,000 common shares for cash of

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Stanley Systems completed the following shares issuance transactions:

Apr 19 Issued 1,000 common shares for cash of $10.50 per share.

May 3 Sold 300 shares of $4.50, preferred shares for $15,000 cash.

11 Received inventory valued at $23,000 and equipment with a market value of $11,000. Issued 3,000 common shares in exchange.

Requirement

Journalize the transactions. Explanations are not required.

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Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

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Question Posted: Jul 08, 2015 02:45 AM

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Stanley Systems completed the following shares issuance transactions: Apr 19 Issued 1,000 common shares for cash of

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Financial Accounting

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