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During its first year of operations, Martinez Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25,800 shares for cash at $6
During its first year of operations, Martinez Corp. had these transactions pertaining to its common stock.
| Jan. 10 | Issued 25,800 shares for cash at $6 per share. | |
| July 1 | Issued 54,000 shares for cash at $8 per share. |
| (a) | Journalize the transactions, assuming that the common stock has a par value of $6 per share. | |
| (b) | Journalize the transactions, assuming that the common stock is no-par with a stated value of $3 per share. |
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Financial Accounting A Valuation Emphasis
Authors: John S. Hughes, Frances L. Ayres, Robert E. Hoskin
1st Edition
0471203599, 978-0471203599
