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Create a journal entry for # 26 transaction, the first 3 transactions are above. June 1: Byte of Accounting, Inc. acquired $50,000 in cash from
Create a journal entry for # 26 transaction, the first 3 transactions are above.
June 1: Byte of Accounting, Inc. acquired $50,000 in cash from Lauryn and issued 2,000 shares of its common stock. 01 June 1: Byte of Accounting, Inc. issued 2,550 shares of its common stock to Kelsie Kimmons after $26,750 in cash and computer equipment with a fair market value of $37,000 were received. n2. June : Byte of Anting. Inc. issued 2,425 shares of its common stock after acquiring from 03. Courtney $46,250 in cash, computer equipment with a fair market value of $13,500 and office equipment with a fair value of $875 June 30: Paid a cash dividend of S0.15 per share to the three shareholders of Byte. [IMPORTANT 26. NOTE: The number of shares of capital stock outstanding can be determined from the first three transactions.]Step by Step Solution
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