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exercise 1 help journalize the transactions please Exercise 1 Moosonce Co. Ltd. Has the following transactions during the current period: Mar. 2 June 12 July
exercise 1 help journalize the transactions please
Exercise 1 Moosonce Co. Ltd. Has the following transactions during the current period: Mar. 2 June 12 July 11 Journalize the transactions. Date Mar. 2 June 12 July 11 Issued 1,600 no par value common shares to lawyers as payment for a bill of $25,000 for services rendered in helping the company to incorporate. The shares have a market value of $15 per share. Issued 60,000 no par value common shares for used equipment that had originally cost $800,000. It currently has a book value of $300,000 and a market value of $400,000. The shares have a market value of $6 per share. Issued 1,000 no par value preferred shares for cash at $105 per share. Particulars Debit Credit Step by Step Solution
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