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  3. during year 1, moersch company issued common stock

During Year 1, Moersch Company issued common stock to stockholders for $11,900; purchased land for...

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Accounting

During Year 1, Moersch Company issued common stock to stockholders for $11,900; purchased land for $3,300 cash; provided services to customers for $7,000; paid cash operating expenses of $7,000; and paid cash dividends of $1,130 to the company's stockholders.

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