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PROBLEM 2: Dombarton Corporation issued 1,000 shares of stock. Prepare the journal entry for the issuance under the following assumptions. a. The stock had a

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PROBLEM 2: Dombarton Corporation issued 1,000 shares of stock. Prepare the journal entry for the issuance under the following assumptions. a. The stock had a par value of $5 per share and was issued for a total of $48,000. Date Accounts and Explanation Debit Credit b. The stock had a stated value of $5 per share and was issued for a total of $48,000. Date Accounts and Explanation Debit Credit C. The stock had no par or stated value and was issued for a total of $48,000. Accounts and Explanation Debit Credit d. The stock had a par value of $5 per share and was issued to attorneys for services during incorporation valued at $48,000. Credit Date Accounts and Explanation Debit e. The stock had a par value of $5 per share and was issued for land worth $48,000. Date Credit Accounts and Explanation Debit

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