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Problem One: Last Homework Corporation is authorized to issue 2 , 0 0 0 , 0 0 0 shares of $ 3 par value common
Problem One:
Last Homework Corporation is authorized to issue shares of $ par value common stock. During its first year of operation, the company had the following stock transactions.
Jan. Issued shares of stock at $ per share.
Jan. Attorneys for the company accepted shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $
July Issued shares of stock for land. The land had an asking price of $ The stock is currently selling on a national exchange at $ per share.
Instructions
Journalize the transactions for Cornbread Stuffing Corporation.
tableDateASEECFAccount,DRCR
tableDate
Please help!
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