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At the end of fiscal year 2021, Hermin Legal Services and Delightful Doughnuts reported these adapted amounts on their balance sheets (all amounts in
At the end of fiscal year 2021, Hermin Legal Services and Delightful Doughnuts reported these adapted amounts on their balance sheets (all amounts in millions except for par value per share) (Click the icon to view the Hermin Legal Services data.) Click the icon to view the Delightful Doughnuts data.) Assume each company issued its stock in a single transaction. Journalize each company's issuance of its stock, using its actual account tities. Explanations are not required. (Enter amounts in millions. Record debits first, then credits. Exclude explanations from any journal entries.) Begin by journalizing the Hermin Legal Services common stock issuance. Journal Entry Accounts Debit Millions Credit ing the Hermin Legal Services common stock issuance. Data table Delightful Doughnuts: Common stock, no par value, 69 shares issued Print Done $ 293 - X the H Data table Hermin Legal Services: Common stock, $0.01 par value, 2,700 shares issued Additional paid-in capital Print Done 27 18,000 -X
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