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part b please Question 1 During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued
part b please
Question 1 During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 71,500 shares for cash at $6 per share July 1 Issued 36,500 shares for cash at $8 per share (a) 2 Your answer has been saved and sent for grading. See Gradebook for score details nalize the transactions, assuming that the common stock has a par value of $6 per share. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Jan. 10 Cash 429000 Common Stock 429000 July 1 Cash 292000 Common Stock 219000 Paid-in Capital in Exces 73000 Attempts: 1 of 1 used (b) nalize the transactions, assuming that the common stock is no-par with a stated value of $2 per share. (Record journal entries in the order presented in the problem. Credit account Ou titles are automatically indented when amount is entered. Do not indent manually.)Step by Step Solution
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