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On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (List all debit
On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (List all debit entries before credit entries. Credit account tities are automatically indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry' for the account tities and enter 0 for the amounts. Record entries in the order displayed in the problem (tatement:) Benita inc recenthy hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned carlier about corporation accounting. During the first month, he made the following entries for the corporation's eapital stock
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