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On 30 March 20X4, Jason Inc subscribed to purchase 1,600 common shares of BIT -...

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Question

Accounting

On 30 March 20X4, Jason Inc subscribed to purchase 1,600 common shares of BIT - Split Corporation for $14 per share. Jason Inc paid the subscription amount in 2 equal installments on 7 May 20X4 and 16 July 204.
Required:
Prepare the journal entry to record the stock subscription and purchase of shares. (If no entry is required for a transaction/even select "No journal entry required" in the first account field.)
Journal entry worksheet
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Prepare the journal entry required on 30 March 20X4:
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[30 March 20X4,,,],[,,,],[,,,]]
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