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At fiscal year end 2010, Hipper Printer and Delicious Doughnuts reported these adapted amounts on their balance sheets amounts in millions): E: (Click the icon
At fiscal year end 2010, Hipper Printer and Delicious Doughnuts reported these adapted amounts on their balance sheets amounts in millions): E: (Click the icon to view the balance sheet data.) Requirement Assume each company issued its shares in a single transaction. Journalize each company's issuance of its shares, using its actual account titles. Explanations are not required. (Enter amounts in millions. Record debits first, then credits.) ... Begin by journalizing Hipper Printer's issuance of its shares. Journal Entry Accounts Debit Credit Data table Millions Hipper Printer: Ordinary shares, 1 cent par value, 2,900 shares issued Additional paid-in capital 29 17.500 Next, journalize Delicious Doughnuts' issuance of its shares. Delicious Doughnuts: Ordinary shares, no-par value, 69 shares issued Journal Entry $ 295 Accounts Debit Credit Millions Print Done
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