Fitness Equipment DoctorFitness Equipment Doctor,

Inc., began operations during

20182018.

The company has been authorized to sell

100 comma 000100,000

shares of

$55

par value common stock and

40 comma 00040,000

shares of

$1010

par,

1515%

preferred stock. During the year,

Fitness Equipment DoctorFitness Equipment Doctor

had the following transactions related to stockholders' equity:

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.

Requirement 1. Record the transactions in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.)

MarMar

1: Issued

7 comma 0007,000

shares of common stock to

AdamAdam

MazellaMazella

in exchange for

$ 22 comma 000$22,000

cash and a truck with a market value of

$ 13 comma 000$13,000.

Journal Entry
Date		Accounts	Debit	Credit
Mar	1