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Stock Issuance Laguna Corp. had the following transactions during 2017, its first year of business. 1. Identify and analyze the effect of each transaction. a.

Stock Issuance

Laguna Corp. had the following transactions during 2017, its first year of business.

1.Identify and analyze the effect of each transaction.

a.Issued 5,500 shares of $5 par common stock for cash at $15 per share.

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