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help please A Corporation was formed on January 1. The corporate charter authorized 100,000 shares of nopar value common stock. During the first month of
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A Corporation was formed on January 1. The corporate charter authorized 100,000 shares of nopar value common stock. During the first month of operation, the corporation issued 400 shares of stock in exchange for a computer valued at $4,000. The entry to record this transaction would be: Choice C. Choice D. Choice B. Choice A. A corporation has 5 shareholders, each of whom own 200,000 shares of $1.25 stated value common stock. If one shareholder sells 150,000 shares to another shareholder for $22 per share, which of the following journal entries would be the correct recording of the transaction on the books of the corporation? Choice C. Choice A. Choice D. Choice B Step by Step Solution
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