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Company T issued 7,000 shares of common stock at $25 per share. Calculate the total amount of cash received from the issuance of stock and
Company T issued 7,000 shares of common stock at $25 per share. Calculate the total amount of cash received from the issuance of stock and journalize the transaction. Additionally, compute the par value per share if the company has a total par value of $35,000.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
