Issuing Common Shares} Carmean Products Inc. issued 49,750 no par value common shares to shareholders at the
Question:
Issuing Common Shares}
Carmean Products Inc. issued 49,750 no par value common shares to shareholders at the time of its incorporation. Carmean received \(\$ 23\) per share.
\section*{Required:}
Prepare the journal entry to record the issue of the shares.
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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