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In Bloom company was authorized to issue an unlimited number of common shares. During April 2021, its first month of operations, the following transactions occurred:
In Bloom company was authorized to issue an unlimited number of common shares. During April 2021, its first month of operations, the following transactions occurred: 12,000 shares were issued to the promoters of the corporation. The value of the shares Apr. was $16,000. Apr. 613,500 shares were sold to various shareholders for $12.00 each. Apr. 213,000 shares were issued in exchange for land valued at $ 48,000. Required: Prepare the entry required on April 6. Debit Choose... Credit Choose
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