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How would you journalize this? June 1: Courtney made an investment in Byte of Accounting, Inc., by purchasing 501 shares of its common stock by
How would you journalize this?
June 1: Courtney made an investment in Byte of Accounting, Inc., by purchasing 501 shares of its common stock by contributing computer equipment with a fair market value of $18,400 and office equipment with a fair value of $1,640. The par value of the common stock was $26 per share. |
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