Instructions Journalize the transactions. The following selected transactions pertain to L. Lewis Corporation:...
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Accounting
Instructions Journalize the transactions.
The following selected transactions pertain to L. Lewis Corporation:
Jan. 3 Issued 100,000 shares, $10 par value, common stock for $25 per share.
Feb. 10 Issued 6,000 shares, $10 par value, common stock in exchange for special purpose equipment. L. Lewis Corporation's common stock has been actively traded on the stock exchange at $30 per share.
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