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E13-1 uarshee Corporation had these transactions during 1014. [a] Issued $50,000 par value common stock For cash. {1:} Purchased a machine For $30,[I}0, giving a
E13-1 uarshee Corporation had these transactions during 1014. [a] Issued $50,000 par value common stock For cash. {1:} Purchased a machine For $30,[I}0, giving a longterm note in exchange. {c} Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. {d} Declared and paid a cash dividend of $13,000. {e}I Sold a longterm investment with a cost of $15,000 for $15,000 cash. {F} Collected $16,000 of accounts receivable. [g] Paid $13,000 on accounts payable
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