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During its first year of operations, Rosa Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 34,260 shares for cash at $5
During its first year of operations, Rosa Corporation had these transactions pertaining to its common stock.
| Jan. 10 | Issued 34,260 shares for cash at $5 per share. | |
| July 1 | Issued 61,190 shares for cash at $8 per share. |
| (a) | Journalize the transactions, assuming that the common stock has a par value of $5 per share. | |
| (B) Journalize the transactions, assuming that the common stock is no-par with a stated value of $2 per share. |
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IS Audit And Control For Accountants
Authors: Mr Amir Manzoor
1st Edition
1493665006, 978-1493665006
