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This Question: 40 pts 47 of 23 (0 complete)> This Test: 300 pts possible At fiscal year-end 2016, Horris Legal Services and Delectible Doughnuts reported
This Question: 40 pts 47 of 23 (0 complete)> This Test: 300 pts possible At fiscal year-end 2016, Horris Legal Services and Delectible Doughnuts reported these adapted amounts on their balance sheets (all amounts in millions except for par value per share): ?(Click the icon to view the balance sheet data.) Assume each company issued its stock in a single transaction. Journalize each company's issuance of its stock, using its actual account titles. Explanations are not required. (Enter amounts in millions. Record debits first, then credits. Exclude explanations from any journal entries.) Begin by journalizing the Horris Legal Services common stock issuance. Journal Entry Debit Credit Data Table Miions Horris Legal Services: Common stock, $0.01 par value, 2,100 shares issued Additional paid-in capital 21 17,400 Next, journalize the Delectible Doughnuts common stock issuance. Delectible Doughnuts: Journal Entry Common stock, no par value, 62 shares issued 298 Debit Credit Miions Print Done
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