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Knighthood Inc. issued 8 , 0 0 0 shares of common stock. Prepare entries to record each of the following independent situations related to this
Knighthood Inc. issued shares of common stock. Prepare entries to record each of the following
independent situations related to this issue of stock Hint: use the Account List click to pop open to help
you with your journal entries
a Stock issued for $ cash per share when par value was $ per share.
b Stock issued in exchange for equipment costing $ when the stock had no par or stated value.
c Stock issued for $ cash when the stock had a stated value of $ per share.
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