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On June 1, Bridgeport Inc. issues 2,650 shares of no-par common stock at a cash price of $10 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually! Date Account Titles and Explanation June Debit Credit

On June 1, Bridgeport Inc. issues 2,650 shares of no-par common stock at a cash price of $10 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually! Date Account Titles and Explanation June Debit Credit

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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Current Attempt in Progress On June 1, Bridgeport Inc. issues 2,650 shares of no-par common stock at a cash price of $10 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation June 1 eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: unlimited Submit Answer
Transcribed Image Text:Current Attempt in Progress On June 1, Bridgeport Inc. issues 2,650 shares of no-par common stock at a cash price of $10 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanation June 1 eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: unlimited Submit Answer
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