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Journalize the following transactions in the space provided, then post to the accounts. The first entry has been done for you. Record the next twp
Journalize the following transactions in the space provided, then post to the accounts. The first entry has been done for you. Record the next twp entries and the post them using the same accounts (Use the accounts below in place of a "Chart of Accounts") Recording the sale of Capital Stock (par value = $10) 1) Record the sale of 1.000 shares at $12 per share (+$12,000) Debit Credit 12,000 Cash 10 000 Common Stock - Per Common Stock - Peld in Capital in Excess of Par 2.000 2) Record the sale of 1,000 shares of $50 per shore ($50,000) Debit Credit 3) Record the sale of 1,000 shares at $100 per share ($100.000) Debit Credit Assets Assets Liabilities Equity Revenue Expense Soles Revenue Cost Of Goods Sold Acets Payable Cash 12 000 Common Stock ($10 Po 10 000 Common Stock Paid In Capital In Excess of Par 2000 Retoined Earnings Wages Espen Acets Receivable Woges Payable Dividends Rent Expense Inventory UT Note Payable Deprecense Capital Asset Income Summary Art Depec No Par T Par T
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