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Question: Moran Enterprises was established by issuing 10,000 $1 par value common shares on April 24, 2023. The cash received for the shares was $200,000.

Question: Moran Enterprises was established by issuing 10,000 $1 par value common shares on April 24, 2023. The cash received for the shares was $200,000. REQUIRED: Prepare a properly formatted journal entry to record the issuance of the shares.

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