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On June 1, Marigold Inc. issues 2,950 shares of no-par common stock at a cash price of $7 per share. Journalize the issuance of
On June 1, Marigold Inc. issues 2,950 shares of no-par common stock at a cash price of $7 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation June 1 Debit Credit
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lets break down the journal entry for the issuance of shares by Marigold Inc assuming the stock has ...
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
