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Record entries for each of the following separate issuances of stock. Issued 350 shares of $100 par value common stock for $36,400 cash. Exchanged 850

Record entries for each of the following separate issuances of stock.

  1. Issued 350 shares of $100 par value common stock for $36,400 cash.
  2. Exchanged 850 shares of no-par common stock for $13,000 in legal services incurred in the organization of the company.

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