Use the following information for #4 - 5: Motown Corporation has the following transactions: Common shares...
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Use the following information for #4 - 5: Motown Corporation has the following transactions: Common shares issued 123,680 Par value per share $ 1.00 Share issue costs in total $ 56,900 Date issued/purchased 1/1/X1 Purchased for per share $ 33.00 4.) Consider the required journal entrie(s). What is the NET CREDIT amount that goes to the Paid in Capital account. Page 1 of 2 5.) Consider the required journal entrie(s). What is the TOTAL impact on stockholder's equity from all journal entries? Use the following information for #4 - 5: Motown Corporation has the following transactions: Common shares issued 123,680 Par value per share $ 1.00 Share issue costs in total $ 56,900 Date issued/purchased 1/1/X1 Purchased for per share $ 33.00 4.) Consider the required journal entrie(s). What is the NET CREDIT amount that goes to the Paid in Capital account. Page 1 of 2 5.) Consider the required journal entrie(s). What is the TOTAL impact on stockholder's equity from all journal entries?
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