Record entries for each of the following separate issuances of stock. Issued 350 shares...
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Accounting
Record entries for each of the following separate issuances of stock.
- Issued 350 shares of $100 par value common stock for $36,400 cash.
- Exchanged 850 shares of no-par common stock for $13,000 in legal services incurred in the organization of the company.
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