Question
On February 1, Excel Corporation issued 37,500 Common Shares for $252,440 cash. On Feb 12, an additional 47,000 common shares were issued for Cash of
On February 1, Excel Corporation issued 37,500 Common Shares for $252,440 cash. On Feb 12, an
additional 47,000 common shares were issued for Cash of $7.25 per share. Present the entries to
record these transactions and calculate the average issue price per common share.
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Accounting Chapters 1-13
Authors: Carl Warren
27th Edition
1337272108, 978-1337272100
