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Stock Issuance (Par, No-Par, and Stated Value) The following independent stock transactions occurred during January 20- for Various Corporations: (a) Issued 6,000 shares of $10
Stock Issuance (Par, No-Par, and Stated Value) The following independent stock transactions occurred during January 20- for Various Corporations: (a) Issued 6,000 shares of $10 par common stock for $60,000 cash. (b) Issued 4,300 shares of $10 par common stock for $57,700 cash. (c) Issued 4,800 shares of no-par common stock for $52,500 cash (d) Issued 4,300 shares of no-par common stock for $45,000 cash (e) Issued 6,100 shares of no-par common stock with a stated value of $8 per share for $48,800 cash (f) Issued 3,100 shares of no-par common stock with a stated value of $8 per share for $25,500 cash. Prepare general journal entries for these stock transactions, identifying each transaction by letter. If an amount box does not require an entry, leave it blank. If an amount box does not require an entry, leave it blank. Page: 1 DOC. POST. NO. REF. DEBIT CREDIT DATE ACCOUNT TITLE 4 6 7 8 10 10 12 13 14 e. 15 16 17 f 18 19 12 13 14 15 16 17 18 19
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