During its first year of operations, Crane Corporation had the following transactions pertaining to it's...
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During its first year of operations, Crane Corporation had the following transactions pertaining to it's common stock. Jan. 10 issued 80300 shares for cash at $6 per share. Mar 1, issued 5000 shares to attorney in payment of a bill for $37,200 for services rendered in helping the company to incorporate. Jul.1, issued 31300 shares for cash at $8 per share. Sept. 1 issued 64,600 shares for cash at $10 per share. a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share.
1, ACCT 311, Ch 12, 13, 14&15 Question 14 of 19 View Policies Question 14 of 19
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