DeLoach Company incorporated on January 1, 2023 and had the following four common stock transactions...
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DeLoach Company incorporated on January 1, 2023 and had the following four common stock transactions during the year: Issued 1,000 shares of $1 par common stock at par Issued 3,000 shares of \$1 par common stock at \$15 per share Issued 4,000 shares to $1 par common stock for land with a market value of $80,000 Purchased 500 shares of its $1 par common stock for a total price of $12,500 At December 31,2023 , the balance in the Common Stock account is a. $8,000. b. $6,600. c. $66,000. d. $113,500
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