On July 2, the Fazio Corporation issued for cash 10,000 shares of no-par common stock (with a

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On July 2, the Fazio Corporation issued for cash 10,000 shares of no-par common stock (with a stated value of $13 per share) at $17. On July 17, it issued for cash 700 shares of $110-par preferred 10 percent stock at $112.

a. Write the entries for July 2 and July 17 in general journal form.

b. What is the total amount invested by all stockholders as of July 17?

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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Question Posted: Jun 28, 2024 01:02 AM

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On July 2, the Fazio Corporation issued for cash 10,000 shares of no-par common stock (with a

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College Accounting Chapters 1-26

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