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Prepare the entry for the issuance under the following assumptions. The shares had a par value of 5 per share and were issued for a
Prepare the entry for the issuance under the following assumptions.
- The shares had a par value of 5 per share and were issued for a total of 48,000.
- The shares had a stated value of 5 per share and were issued for a total of 48,000.
- The shares had no par or stated value and were issued for a total of 48,000.
- The shares had a par value of 5 per share and were issued to attorneys for services during incorpo- ration valued at 48,000.
- The shares had a par value of 5 per share and were issued for land worth 48,000.
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Cassy Budd
13th International Edition
1265042616, 9781265042615
