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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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Prepare the journal entry to record Zende Company's issuance of 84,000 shares of $8 par value common stock assuming the shares
sell for:
a. $8 cash per share.
b. $9 cash per share.
View transaction list
Journal entry worksheet
1
Record the issuance of 84,000 shares of $8 par value common stock assuming
the shares sell for $8 cash per share.
2
Note: Enter debits before credits.
Transaction
a.
Record entry
General Journal
Clear entry
Debit Credit
View general journal
Saved
>

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