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On May 10, Sarasota Corp, issues 2,400 shares of $7 par value common stock for cashat $14 per share. Prepare a tabular summary to record
On May 10, Sarasota Corp, issues 2,400 shares of $7 par value common stock for cashat $14 per share. Prepare a tabular summary to record the issuance of the stock. Include margin explanations for the changes in revenues and expens (ff a tronsaction causes a decneose in Assets, Lablittes or Stocitholders' Equity, place a negative sign (or porentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) On May 10, Sarasota Corp. issues 2,400 shares of $7 par value common stock for cash at $14 per share. Prepare a tabular summary to record the issuance of the stock. Include margin explanations for the changes in revenues and expenses. (ff a transection causes a decrease in Assets. Llabillbes or Stockholders' Equlty place o negative sign (or porentheses) in front of the amount entened for the porticular Asset, Liability or Equlty item that was reduced)
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