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On February 1 of the current year, Motor, Inc,, Issued 600 shares of $3 par common stock to an attorney in return for preparing and
On February 1 of the current year, Motor, Inc,, Issued 600 shares of $3 par common stock to an attorney in return for preparing and filing the articles of incorporation. The value of the services is $8,000. Journalize this transaction. If an amount box does not require an entry, leave it blank. Vincent Corporation has 91,000 share of $110 par common stock outstanding. On June 30 , Vincent Corporation deciared a 5% stock dividend to be issued on July 30 to stockholders of record July 15 . The market price of the stock was $116 a share on June 30. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Journalize the entry required on June 30 . Journalize the entry required on July 15 : July 15 Journalize the entry required on July 30. July 30 On May 10, a company issued for cash 1,400 shares of no-par common stock (with a stated value of $4 ) at $16, and on May 15 , Issued for cash 5,000 shares of $17 par preferred stock at $60. Journalize the entries for May 10 and 15 , assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank
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