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MNOInc.issued2,000sharesof$25parvaluecommonstockfor$30pershareon March1st,2023.Calculate:a)Totalproceedsreceivedfromtheissuanceofcommonstock.b) Additionalpaid-incapital.c)Bookvaluepershareaftertheissuance.d)Journalentrytorecord the issuance of common stock.

 

MNO Inc. issued 2,000 shares of $25 par value common stock for $30 per share on March 1st, 2023. Calculate: a) Total proceeds received from the issuance of common stock. b) Additional paid-in capital. c) Book value per share after the issuance. d) Journal entry to record the issuance of common stock.

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