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13-21 please show all of your work neatley ctive 2 E-F:13-20 Determining paid-in capital for a corporation Aruba Corporation recently organized. The company issued common

13-21 please show all of your work neatley image text in transcribed
ctive 2 E-F:13-20 Determining paid-in capital for a corporation Aruba Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $57,000. In addition, Aruba shares of its no-par common stock at $20 per share. Without making journal entries, received cash for 6,000 shares of its $10 par preferred stock at par value and 6,500 determine the total paid-in capital created by these transactions. E-F:13-21 Journalizing issuance of stock Steller Systems completed the following stock issuance transactions: May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Jun. 3 Issued 300 shares of $9, no-par preferred stock for $15,000 cash. 11 Received equipment with a market value of $68,000 in exchange for 5,000 shares of the $3 par value common stock. Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Steller Systems

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