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During its first year of operations Jeff company had the following transactions pertaining to its common stock. July 10th 74,000 shares for cash $5 per share July 1st issued 36,000 shares for cash at $9 per share. Journalize the transaction

During its first year of operations Jeff company had the following transactions pertaining to its common stock. July 10th 74,000 shares for cash $5 per share July 1st issued 36,000 shares for cash at $9 per share. Journalize the transaction

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During its first year of operations Jeff company had the following transactions pertaining to its common stock. July 10th 74,000 shares for cash $5 per share July 1st issued 36,000 shares for cash at $9 per share. Journalize the transaction
Transcribed Image Text:During its first year of operations Jeff company had the following transactions pertaining to its common stock. July 10th 74,000 shares for cash $5 per share July 1st issued 36,000 shares for cash at $9 per share. Journalize the transaction
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