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On May 10, Blossom Corporation issues 3,200 shares of $6 par value common stock for cash at $15 per share. Prepare a tabular summary
On May 10, Blossom Corporation issues 3,200 shares of $6 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock. Include margin explanations for changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Cash = eTextbook and Media List of Accounts Save for Later $ +A Liabilities A Paid-in-Capital Paid in Capital in Excess of Common Stock + Par Value Common $ $ Attempts: 0 of 10 used Submit Answer
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