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Return to course 33 My Subscriptions Douce Kelly Kundiman Orion 1 incomplete answer Marked out of 24.00 P Flag Question Cash and Noncash Share issuances

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Return to course 33 My Subscriptions Douce Kelly Kundiman Orion 1 incomplete answer Marked out of 24.00 P Flag Question Cash and Noncash Share issuances Chavoy Corporation was organized on July 1. The company's charter authorizes 100,000 shares of $10 par value common stock On August 1, the attorney who helped organize the corporation accepted 800 shares of Chavoy common stock in settlement for the services provided the services were valued at 59,8001. On August 15. Chavoy issued 5.000 common shares for $77,000 cash. On October 15, Chavoy issued 3,000 common shares to acquire a vacant land site appraised $50,000. Prepare the journal entries to record the stock issuances on August 1. August 15, and October 15. General Journal Date Description Debit Credit Issued common shares in exchange for legal services her e the Issued shares for cash on August 15 Oct 15 Common Stock Issued common shares for land Please answer all parts of the question Save Answers

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