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On May 10, Marigold Corp. issues 1,700 shares of $6 par value common stock for cash at $15 per share. Prepare a tabular summary to
On May 10, Marigold Corp. issues 1,700 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 the 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 Liabilities Paid-in-Capital PIC in Exces Par Value Cc Cash Common Stock + S $ $ May 10 $
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