Question
on january 2, coldplay corp. received a corporate charter authorizing the sale of 200,000 shares of $10 par value common stock. during the year, coldplay
on january 2, coldplay corp. received a corporate charter authorizing the sale of 200,000 shares of $10 par value common stock. during the year, coldplay had the following transactions:
Jan. 5 Issued 20,000 shares of common stock for cash at $10 per share.
10 Issued 30,000 shares of common stock for cash at $30 per share.
23 Issued 10,000 shares of common stock for land that had a fair market price of $320,000
Mar. 15 Issued 1,000 shares of common stock for attorney services used in organizing the corporation valued at $32,000
Apr. 28 Acquired 5,000 shares of its common stock at $32 per share for the treasury.
June 18 Issued 15,000 shares of common stock for cash at $33 per share.
Sept. 23 Sold 2,000 shares of treasury stock at $35 per share.
Journalize the transactions. (Omit explanations)
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