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Need help with these Q1 & 2. Thank you! 1. Record issuance of the stock if the stock: a. is true no-par stock. b. has
Need help with these Q1 & 2. Thank you!
1. Record issuance of the stock if the stock: a. is true no-par stock. b. has stated value of $2 per share. 2. Which type of stock results in more total paid-in capital? Mates Corp. issued 4,000 shares of no-par common stock for $12 per share. Read the requirements. Requirement 1a. Record issuance of the stock if the stock is true no-par stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit aStep by Step Solution
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