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When Bunyan Corporation was formed on January 1, the corporate charter provided for 98,700 shares of $13 par value common stock. The following transaction was
When Bunyan Corporation was formed on January 1, the corporate charter provided for 98,700 shares of $13 par value common stock. The following transaction was among those engaged in by the corporation during its first month of operation: The corporation issued 6,300 shares of stock at a price of $30 per share.
Which of the following would be included when recording the transaction?
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