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During its first year of operations, Monty Corporation had the following transactions pertaining to its...

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Accounting

During its first year of operations, Monty Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 68,000 shares for cash at $7 per share. July 1 Issued 43,000 shares for cash at $10 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $7 per share

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