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ACCT 301 Fall 2021 Assignment #2.1 Due on Sep 30, 2021 @11:59PM #1. (Recording the Issuances of Common Stock) - During its first year of

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ACCT 301 Fall 2021 Assignment #2.1 Due on Sep 30, 2021 @11:59PM #1. (Recording the Issuances of Common Stock) - During its first year of operations, XYZ Corporation had the following transactions pertaining to its common stock: Apr. 26 Issued 15,000 shares for cash at $4.50 per share. May 11 Issued 10,000 shares to attorneys in payment of a bill for $48,000 for services rendered in helping the company to incorporate Aug, 1 Issued 20,000 shares for cash at $5 per share. Nov. 1 Issued 10,000 shares for cash at $7 per share. Instructions (a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of si per share

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