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During June, the Lawrence Corporation issued 1,000 shares of $.10 par common stock and received $15,000. Show the effects of this transaction on the company's

During June, the Lawrence Corporation issued 1,000 shares of $.10 par common stock and received $15,000.

Show the effects of this transaction on the company's assets, liabilities, and stockholders' equity.

a.

Assets increase by $15,000 and liabilities increase by $15,000.

b.

Assets increase by $15,000, liabilities increase by $14,900, and stockholders' equity increases by $100.

c.

Liabilities decrease by $15,000 and stockholders' equity increases by $15,000.

d.

Assets increase by $15,000 and stockholders' equity increases by $15,000.

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