On June 1. Herrcia Inc. issues 3,000 shares ot no-par common stock at a cash price of

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$7 per share. Journalize the issuance ol the shares assuming the stock has a stated value of $1 per share.

Prepare entry lor issuam e ot Mmk m a noncash transaction.

(SO 2)

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Financial Accounting Text Only

ISBN: 9780006575405

5th Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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Question Posted: Jun 10, 2024 01:23 AM

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On June 1. Herrcia Inc. issues 3,000 shares ot no-par common stock at a cash price of

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Financial Accounting Text Only

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