1. Issued 1,000,000 shares of common stock to employees for cash, $30 (Note: 30KS, not...
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1. Issued 1,000,000 shares of common stock to employees for cash, $30 (Note: 30KS, not $ per share)
2. Issued 1,500,000 shares of common stock for the acquisition of $45 of special equipment from a bsipplier.
3. Borrowed cash, signing a note payable for $12.
4. Purchased equipment for cash, $18.
5. Purchased inventories on account, $90.
6. Disbursed cash on account (to reduce the accounts payable), $35.
7. Sold for $2 cash some display equipment at original cost $2.
1. Issued 1,000,000 shares of common stock to employees for cash, $30 (Note: 30K$, not $ per share) 2. Issued 1,500,000 shares of common stock for the acquisition of $45 of special equipment from a supplier. 3. Borrowed cash, signing a note payable for $12. 4. Purchased equipment for cash, $18. 5. Purchased inventories on account, $90. 6. Disbursed cash on account (to reduce the accounts payable), $35. 7. Sold for $2 cash some display equipment at original cost $2. 1. Issued 1,000,000 shares of common stock to employees for cash, $30 (Note: 30K$, not $ per share) 2. Issued 1,500,000 shares of common stock for the acquisition of $45 of special equipment from a supplier. 3. Borrowed cash, signing a note payable for $12. 4. Purchased equipment for cash, $18. 5. Purchased inventories on account, $90. 6. Disbursed cash on account (to reduce the accounts payable), $35. 7. Sold for $2 cash some display equipment at original cost $2
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