Blossom Company was organized on January 1,2022. It is authorized to issue 14,500 shares oF...
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Blossom Company was organized on January It is authorized to issue shares oF $par value preferred stock, and shares of nopar common stock with a stated value of$per share. The following stock transactions were completed during the first year. Jan. Issued shares of common stock for cash at$per share. Mar. Issued shares of preferred stock for cash at$per share. Apr. Issued shares of common stock for land. The asking price of the land was$ The fair value of the land was$ May. Issued shares of common stock for cash at$per share. Aug. Issued shares of common stock to attorneys in payment of their bill of$for services performed in helping the company organize. Sept. Issued shares of common stock for cash at$per share. Nov. Issued shares of preferred stock for cash at$per share. a Journalize the transactions. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter O for the amounts.
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