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Journal entry for this transaction You form a corporation called Pump & Dump Incorporated for the purpose of running a business of environmental waste removal--pumping
Journal entry for this transaction You form a corporation called "Pump & Dump Incorporated" for the purpose of running a business of environmental waste removal--pumping septic tanks. Stock is issued to ten different investors. Each investor pays $25,000 in return for 1,000 shares of stock. This means you have 10,000 shares of stock outstanding and each share has a par value of $25
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