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Bonsno Industries had the following transactions during 2016, lts first wos of business. Required: 1. Record an entry for each transaction. a. Tssued 3,400 shares
Bonsno Industries had the following transactions during 2016, lts first wos of business. Required: 1. Record an entry for each transaction. a. Tssued 3,400 shares of $5 par commen stock for cash at $15 per share. Tndicate the emec b. Lssued B,30O shares of commen sbock on May 1 to acquire a factory buliding from Baridey, Iteme by selecting "-" for decresse (ar neqative effect), "+" for incresse (ar positive effect) 5. Issued 2,400 shares of stock an June 1 to ecquine a patent. The accountart has been une decrease or negutive effect), "+" for increuse \{or positive effect\} and "WE" for No Entry \{or 2. Determine the bulance sheet amounts for common stock and additionel paid-in capital
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