A company is authorized to issue 800,000 shares of $6 par value common stock. Prepare...
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Accounting
A company is authorized to issue 800,000 shares of $6 par value common stock. Prepare journal entries to record the following selected transactions that occurred during the company's first year of operations: (3 Points)
March. 8
Sold 110,000 shares of common stock for $9 cash per share.
March 12
Exchanged 12,000 shares of common stock for equipment with a market value of $90,000.
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