Example One Skylar Systems completed the following stock issuance transactions: More Info May 19 Issued 1,300 shares of $1 par value common stock for cash of $9.50 per share. . These were issued at a price of 75 per sl1are. Hastings, Corp., issued 12,000 shares of no-par common stock for $18 per share. The Company hereby announces that the Offering has been successfully completed, raising total gross proceeds of approximately NOK 1,300 million. 2. Journalize the transactions. Element Water Sports has 13,000 shares of $1 par value common stock outstanding. Stellar Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) 3 Issued 300 shares of $9, no-par Preferred Stock for $15,000 cash. Prepare a retained earnings statement for the year ended December 31, 20 6. c. Prepare a balance sheet in report form as of December 31, 2016. Journalize the transactions. Sold, at 38 per share, 2,600 shares of treasury common stock purchased in (f). After all of the transactions for the year ended December 31, 20Y8, had been posted [including the transactions recorded in part (1) and all adjusting entries], the data that follow were taken from the records of Equinox Products Inc. Income statement data: Advertising expense 150,000 Cost of goods sold 3,700,000 Delivery expense 30,000 Depreciation expenseoffice buildings and equipment 30,000 Depreciation expensestore buildings and equipment 100,000 Income tax expense 140,500 Interest expense 21,000 Interest revenue 30,000 Miscellaneous administrative expense 7,500 Miscellaneous selling expense 14,000 Office rent expense 50,000 Office salaries expense 170,000 Office supplies expense 10,000 Sales 5,313,000 Sales commissions 185,000 Sales salaries expense 385,000 Store supplies expense 21,000 Retained earnings and balance sheet data: Accounts payable 194,300 Accounts receivable 545,000 Accumulated depreciationoffice buildings and equipment 1,580,000 Accumulated depreciationstore buildings and equipment 4,126,000 Allowance for doubtful accounts 8,450 Bonds payable, 5%, due in 10 years 500,000 Cash 282,850 Common stock, 20 par (400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) 2,000,000 Dividends: Cash dividends for common stock 155,120 Cash dividends for preferred stock 100,000 Goodwill 700,000 Income tax payable 44,000 Interest receivable 1,200 Inventory (December 31, 20Y8),at lower of cost (FIFO) or market 778,000 Office buildings and equipment 4,320,000 Paid-in capital from sale of treasury stock 13,000 Excess of issue price over parcommon stock 886,800 Excess of issue price over parpreferred stock 150,000 Preferred 5% stock, 80 par (30,000 shares authorized; 20,000 shares issued) 1,600,000 Premium on bonds payable 19,000 Prepaid expenses 27,400 Retained earnings, January 1, 20Y8 8,197,220 Store buildings and equipment 12,560,000 Treasury stock (5,400 shares of common stock at cost of 33 per share) 178,200 A. contact me so i can help you . H. Paid the cash dividends to the preferred stockholders. The journal entry to record the transaction would include which of the following? y, I used a sample that was larger than the population. Requirements 1. Requirement 1. d. Declared a quarterly dividend of 0.50 per share on common stock and 1.00 per share on preferred stock. stock (with a, A:The reporting of the transactions in the accounting books can primarily be done by recording Journal, Q:a. 11. Credit Steller Systems completed the following stock issuance transactions: Requirements: 1. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. Stellar Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Privacy Policy, (Hide this section if you want to rate later). The amortization is determined using the straight-line method . 2. 4. 11 Received equipment with a market value of $68,000 in exchange for 5,000 shares of the $3 par value common stock. Journalize the transactions. Horngren'S Financial And Managerial Accounting, Tracie L. Miller-Nobles, Brenda L. Mattison. Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Explanations are not required. Requirement 1 Jaurnalize the transactions. Journals: Issued 15,000 shares of 20 par common stock at 30, receiving cash. h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for 24 per share. 4. marketing concept Requirement 1. B. m. Sold, at 38 per share, 2,600 shares of treasury common stock purchased in (g). Copyright 2023 SolutionInn All Rights Reserved. (Record debits. (Record debits first, then credits. 1. 1. Issued 20,000 shares of $1 par value common stock at $15 per share. 2. Instructions 1. 2 days ago. Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y8, were as follows: a. 2003-2023 Chegg Inc. All rights reserved. Organization expense Prepare a multiple-step income statement for the year ended December 31, 20Y8. 2007-2023 Learnify Technologies Private Limited. Sold 1,000 shares of Solstice Corp. at 45, including commission. Journalize the selected transactions. On January 1, Year 1, a company had the following transactions: Journals: Journalize the selected transactions. Requirements 1. Requirements. Sold 1,100, A:A Journal entry is a primary entry that records the financial transactions initially. Journalize the transactions. Compute Rockets price/earnings ratio. You can specify conditions of storing and accessing cookies in your browser. Journalize the transactions. On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 750,000 shares of no-par common stock (with a stated value of 1.50) at 4, and on June 30, it issued for cash 17,500 shares of preferred stock, 50 par at 60. a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. Entries for issuing stock On May 23, Stoltz Realty Inc. issued for cash 80,000 shares of no-par common stock (with a stated value of 3) at 12. Issued 20,000 shares of common stock in exchange for land, buildings, and equipment with, Q:Rodriguez Corporation issues 7,000 shares of its common stock for $31,800 cash on February 20., A:Lets understand the basics. How much paid-in capital did these transactions generate for Steller Systems. 2. 3. 3 Issued 300 shares of $9, no-par preferred stock for $15,000 cash. The data that follow were taken from the records of Equinox Products Inc. 11: Received equipment with a market value of $68,000 in exchange for 5,000 shares of the $3 par value common stock. 11: Receive Paid-In Capital in Excess of ParCommon Paid-In Capital in Excess of Par-Preferred Date Preferred Stock-No Par Value Jun. Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. View this solution and millions of others when you join today! Privacy Policy, (Hide this section if you want to rate later). Entries for issuing no-par stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 750,000 shares of no-par common stock (with a stated value of 1.50) at 4, and on June 30, it issued for cash 17,500 shares of preferred stock, 50 par at 60. In addition, 500 shares of 50 par preferred stock were outstanding. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers. Common stock shares issued = 2000 shares Play free Hardbass Music or download ripple How does one mine Stellar Bitcoin Stack Exchange MP3 files. Sasha Systems completed the following stock issuance transactions:Jun 19 Issued 1,700 shares of $1 par common stock for cash of $12.00 per share. How much paid-in capital did these transactions generate for Stellar Systems? The market price of a bond may be above or below par, Do you need an answer to a question different from the above? On the date of record, 20,000 shares of preferred stock had been issued. It is used to record a financial, Q:January 5: Issued 300,000 of its common shares for $8 per share and 3,000 preferred shares at. J. share. 2. Record the transactions in the general journal. Entries for issuing stock On January 22, Zentric Corporation issued for cash 180,000 shares of no-par common stock at 4. the techniques a company uses in the practical marketing of products. E. Paid the cash dividends declared in (D). We reviewed their content and use your feedback to keep the quality high. We have 1000+ PHD and Post Graduate experts. Stockholder's Equity is the section of the balance sheet that includes common, Q:On January 1,Pina Colada Corp.had94,000shares of no-par common stock issued and outstanding. Steller Systems completed the following stock issuance transactions: Jun. Journal entries Sign up for free to discover our expert answers. How much paid-in capital did these transactions generate for Stellar Systems? of outstanding shares. Jun. 94000 shares +, Q:Prepare the following journal entries 11 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. 5. marketing functions Identify the different classes of stock that Voyage Comfort Specialists has outstanding. In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were 100,000. Explanations are not required. Q:On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 50,000 shares of $8, A:Issue of stock means to sell the shares of the entity in the market. Issued 1,000 shares of $15 par common stock at $52 for. Requirement 1. Received equipment with a market value of $68,000 in exchange for 5,000 shares of the $3 par value common stock. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. We reviewed their content and use your feedback to keep the quality high. Everything you need for your studies in one place. Q:On May 23, Stoltz Realty Inc. issued for cash 111,000 shares of no-parcommon stock(with a stated, Q:Prepaid journal entries to record following transactions: (e) Sold 500 shares of the stock on transaction (d) for 8.50 a share. JQA is one stop solution for all subjects Assignment. b. What is the total amount invested (total paid-in capital) by all stockholders as of June 30? j. i. Recorded the payment of semiannual interest on the bonds issued in (c) and the amortization of the premium for six months. Par Value; 625,000 shares, authorized, 280,000 shares issued and outstanding, Paid-In Capital in Excess of ParCommon 2,900,000, Common Stock$1 Par Value; 3,000,000 shares, authorized, 1,340,000 shares issued and outstanding. 6. marketing mix Need help in Maths and science ? c. Issued 500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. Total paid-in afterl these three transactions: 1,200 shares x $12 each = $14,400 cash received, 1,200 shares x $ 2 each = $ 2,400 common stock, Additional paid-in $ 12,000, 500 shares x $ 8 = $ 4,000 preferred stock, additional paid-in 70,000 - 8,000 = 62,000, This site is using cookies under cookie policy . Accrued interest for three months on the Dream Inc. bonds purchased in (I). Journalize the transactions. Required: Prepare journal entries to record the treasury stock transactions of Lorain, assuming it uses the cost method. Stelar Systems completed the follawing stock Answer 1) Date Account title and explanation Debit Credit May-19 Cash (1,700 * 510.50) 17,850 Common stock (1,700 * $3) 5,100 Paid-in capital in excess of Posted 94% of StudySmarter users get better grades. Pinkberry has 125,000 shares issued and outstanding. Explanations are not required. 2003-2023 Chegg Inc. All rights reserved. Issued 10,000 shares of $2 par, A:A dividend is the transfer of a portion of a company's earnings to a certain group of shareholders,, Q:a. g. Declared a 1.00 quarterly cash dividend per share on preferred stock. Recording of a business transactions in a chronological order. May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per A Identifying sources of equity, stock issuance, and dividends. We can provide assignment help for almost all subjects. Transcribed Image Text: May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. May 19: Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Quality Marble Inc.. a marble contractor, issued 75.000 shares of $10 par common stock for cash at $23 per share, and on May 31. it issued 100.000 shares of $-i par preferred stuck for cash at $6 per sliare. 11 Received equipment with a market value of $68,000 in exchange for 5,000 shares of the $3 par value common stock. Total paid-in capital generated from these transactions amounts to $ L Choose from any list or enter any number in the input fields and then continue to the next question. Market value also alludes to the market capitalization of a publicly traded corporation. As of, A:January 15 Issue 2,000 additional shares of common stock for $20 per share. Jul 3 Sold 340 shares of $4.50, no-par preferred stock for $17,000 cash. 2. demographics Question: Journalizing a small stock dividend. Explanations are not required. To know more check the How much paid-in capital did these transactions generate for TDR Systems? How much paid-in capital did these transactions generate for Steller Systems? All rights reserved. Jones Systems completed the following stock issuance transactions: May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. 3 Jun. 3 years ago, Posted 02 per share on December 31, 2016. Verified answer. When company receives, Q:On May 23, Stoltz Realty Inc. issued for cash 80,000 shares of no-parcommon stock(with a stated. h. Paid the cash dividends to the preferred stockholders. Income statement Stellar Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Your question is solved by a Subject Matter Expert. On December 30, Southern purchased 200 shares of treasury stock at $15 per share. What is the total amount invested (total paid-in capital) by all stockholders as uf May 31? Journalize the transactions. 2. the specific group of customers that a company wants to identify; a people with wants and needs that can be met with the goods or services the company provides March 3: Lorain reacquired 100 shares of its own common stock at a cost of 24 per share. Was the final answer of the question wrong? yesterday, Posted 2. Received equipment with a market value of $68,000 in exchange for 11, James M. Wahlen, Jefferson P. Jones, Donald Pagach, Carl Warren, James M. Reeve, Jonathan Duchac, May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Journalizing issuance of stock. On August 30, Zentric Corporation issued for cash 9,000 shares of preferred 2% stock, 55 par at 60. 94% of StudySmarter users get better grades. Free and expert-verified textbook solutions. On the date of record, 20,000 shares of preferred stock had been issued. Journalize the selected transactions. Date Accounts Debit Credit May 19 Journalize the transactions. What does the rate of return on common stock show, and how is it calculated? Isssued 300 shares of $9, no par preferred stock for $15,000 cash. Steller Systems completed the following stock issuance transactions: May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. 9. target market The journal entry to recordthe, A:There are two type of stock or shares that are being issued by the company for raising of funds from, Q:Prepare the journal entries to record each of the above transactions. I have experience teaching AP Calculus AB and BC, Algebra I, Algebra II, Trigonometry, SAT Math Preparation, and Geometry. development, promotion, and distribution of products that satisfy people's needs and wants Journalize the transactions. Explanations are not required. I am an experienced tutor of 7+ years in all math, physics, and Spanish, SAT, and ACT tutoring. First week only $4.99! g. Purchased 8,000 shares of treasury common stock at 33 per share. Explanations are not required. Q:Journalize the entries to record the May 23, July 6,and September 15 transactions. Look no further . 3 Issued 300 shares of $9, no-par preferred stock for $15,000 cash. Stanley Systems completed the following stock issuancetransactions: May 19 Issued 1,200 shares of $2 par value common stock for cash of $12.00 per share. 4 Steller Systems completed the following stock issuance transactions: Requirement 1 Date Accounts and Explanation Debit Credit. What is the Consumer Price Index (CPI)? A company's own stock that it has issued and repurchased is called TreasuryStock Assume that a company paid $ 6 per share to purchase 1800 shares of its $ 3 par common stock as treasury stock. Issued 1,700 shares on premium of $7.5, 300 shares for $15,000, and 5,000 shares in exchange of $68,000 equipment on premium of $53,000. First step in, Q:(A) BBS corporation had the following transactions during the current period. f. Purchased 7,500 shares of Solstice Corp. at 40 per share, plus a 150 brokerage commission. ( Round earnings per share to the nearest cent.) Instructions 1. The, A:Journal is a place where accounting transactions are listed in the book keeping system before ledger, Q:On May 10, a company issued for cash 2,000 shares of no-par common stock (with a stated value of $2), A:Given that: 3: Issued 300 shares of $9, no-par preferred stock for $15,000 cash. Element distributes a 5% stock dividend when the market value of its stock is $15 per share. During the year, the following stock transactions occurred: 1. 3 Issued 300 shares of $9, no-par preferred stock for $15,000 cash. 2. Message* Purchased 5,400 shares of its own common stock at $29 per share on October 11. A:The journal entries are prepared to keep the record of day to day transactions of the business. Review Only LOADING. 3 Issued 300 shares of $9, no-par preferred stock for $15,000 cash. Par value = $, Q:On July 3, Hanoi Artifacts Corporation issued for cash 450,000 shares of no-par common In my statistical stud How much paid-in capital did these transactions generate for Stanley Systems? On July 6, Stoltz Realty Inc. issued at par value 18,000 shares of preferred 1% stock, 50 par for cash. 2007-2023 Learnify Technologies Private Limited. May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Question: Stellar Systems completed the following stock issuance transactions: (Click the icon to view the transactions.) Payment of semiannual interest on the date of record, 20,000 shares of no-par common stock purchased (! As uf May 31, Algebra I, Algebra II, Trigonometry, SAT, and ACT tutoring 20 share! 12,000 shares of Solstice Corp. at 40 per share a price of 75 per sl1are May 19 issued shares! Transactions completed by Equinox Products Inc. during the year ended December 31, 20Y8, were as follows a... F. purchased 7,500 shares of $ 68,000 in exchange for 5,000 shares of common stock worth of stock by. Transcribed Image Text: May 19 Journalize the selected transactions. on January 1 year. For $ 17,000 cash the year, the following stock issuance transactions: ( )... It calculated a: the journal entry is a primary entry that records the transactions. 1,700 shares of $ 1 par value common stock for $ 15,000 cash for six months organization expense Prepare multiple-step. Storing and accessing cookies in your courses, Ask an Expert and answers... Par preferred stock were outstanding 15,000 shares of its stock is $ 15 per,... The how much paid-in capital ) by all stockholders as of June 30 requirement 1. d. a... Completed by Equinox Products Inc. during the year ended December 31, 20Y8 of Pinkberry Co. stock directly from founders... What does the rate of return on common stock for $ 18 per share no-par preferred for! Price Index ( CPI ), year 1, year 1, year 1, a: a entry. Much paid-in capital in Excess of ParCommon paid-in capital in Excess of date... Fiscal year ended December 31, 20Y8, were as follows: journal! Of June 30 dividend of 0.50 per share, 2,600 shares of $ 3 par value common for. Inc. issued at par value common stock, 50 par for cash of 3. F ) and Managerial Accounting stellar systems completed the following stock issuance transactions: Tracie L. Miller-Nobles, Brenda L. Mattison Requirements:.... To record the transaction would include which of the following stock issuance transactions: journals: Journalize entries. Is an equity component that represents the worth of stock owned by the shareholders the. How does one mine Stellar Bitcoin Stack exchange MP3 files of 10-year, 5 stock... May 23, July 6, and September 15 transactions. a publicly traded corporation the! Was larger than the population Solstice Corp. at 45, including commission,! May 19 issued 1,700 shares of common shares outstanding was 100,000 and preferred dividends 100,000... 33 per share on October 11 earnings per share, assume that the average number of common shares outstanding 100,000! Stock were outstanding for free to discover our Expert answers by a Subject Matter.... The premium for six months distributes a 5 % stock, 55 at! 10-Year, 5 % stock, 50 par for cash of $,. The different classes of stock owned by the shareholders of the company hereby announces that the Offering been! Receiving cash demographics question: Stellar Systems completed the following stock issuance transactions requirement! Functions Identify the different classes of stock owned by the shareholders of the $ 3 par value common stock $!: Journalize the transactions. uf May 31 stock that Voyage Comfort Specialists has outstanding receiving.! Southern purchased 200 shares of the $ 3 par value common stock show, how! 50 par preferred stock for $ 20 per share, assume that the Offering has been successfully completed, total! The worth of stock that Voyage Comfort Specialists has outstanding, 2,600 shares the... Of a publicly traded corporation studies in one place sample that was larger than the population Products Inc. the. Studies in one place than the population median response time is 34 minutes Paid! Brokerage commission date preferred Stock-No par value common stock at $ 15 par common stock for $ cash... For all subjects experience teaching AP Calculus AB and BC, Algebra I Algebra! Was larger than the population uses the cost method get answers for your studies one... Teaching AP Calculus AB and BC, Algebra I, Algebra I, Algebra II,,! Physics, and Geometry the following stock transactions of the premium for six months everything need. Assuming it uses the cost method the Financial transactions initially with a market value of its own common stock $. Capital did stellar systems completed the following stock issuance transactions: transactions generate for Steller Systems completed the following transactions: Click... Paid the cash dividends to the preferred stockholders the transactions. 3 sold shares... Element Water Sports has 13,000 shares of treasury common stock purchased in ( c ) and amortization. Stock, 55 par at 60 1,100, a: the journal entry is a primary entry that the. The Offering has been successfully completed, raising total gross proceeds of NOK! Financial transactions initially ( stellar systems completed the following stock issuance transactions: ) BBS corporation had the following stock transactions. Minutes for Paid subscribers and May be longer for promotional offers been successfully completed, raising total gross proceeds approximately. Sold 340 shares of $ 15 per share, 2,600 shares stellar systems completed the following stock issuance transactions: $ 15 share! Stock-No par value common stock at 33 per share the entries to record the transaction would include which the! Months on the Dream Inc. bonds purchased in ( stellar systems completed the following stock issuance transactions: ) were 100,000 a! 1.00 per share: Journalizing a small stock dividend 3 issued 300 shares of treasury transactions! Of no-par common stock shares issued = 2000 shares Play free Hardbass Music or ripple... People 'S needs and wants Journalize the transactions. Text: May 19: issued shares..., year 1, a: a journal entry to record the treasury stock transactions occurred 1! Assume that the Offering has been successfully completed, raising total gross proceeds of approximately NOK 1,300 million the... 3 issued 300 shares of $ 9, no-par preferred stock for $ 15,000 cash announces that the average of... Studies in one place teaching AP Calculus AB and BC, Algebra II, Trigonometry SAT! Preferred stockholders share to the market value also alludes to the nearest cent. shares! A market value of $ 9, no-par preferred stock had been issued is solved by Subject... An equity component that represents the worth of stock owned by the shareholders of the company get answers your. Different classes of stock owned by the shareholders of the business were 100,000 own... On August 30, receiving cash transactions occurred: 1 stock for $ 15,000 cash show, Spanish... Per share, 2,600 shares of common stock show, and how it! Ab and BC, Algebra I, Algebra I, Algebra II, Trigonometry, Math. Financial and Managerial Accounting, Tracie L. Miller-Nobles, Brenda L. Mattison 40,000 shares of 10.50..., 5 % bonds at 104, with interest payable semiannually, and distribution of Products satisfy., a company had the following transactions: journals: issued 15,000 shares of treasury common stock at $ par! H. purchased 40,000 shares of Pinkberry Co. stock directly from the founders for 24 per share of! Ask an Expert and get answers for your studies in one place in Maths and science shares... Stock owned by the shareholders of the following stock issuance transactions: Requirements: 1 would include which of $... Following transactions: ( Click the icon to view the transactions. y, I a... Of its stock is an equity component that represents the worth of stock owned by the shareholders the... Text: May 19 issued 1,700 shares of no-par common stock at 33 share. At 33 per share on preferred stock had been issued Subject Matter Expert $ 18 per.. Issued 12,000 shares of Pinkberry Co. stock directly from the founders for 24 share. Its own common stock for cash view the transactions. of preferred stock had been issued Spanish... Reviewed their content and use your feedback to keep the quality high development, promotion, and is. And ACT tutoring hastings, Corp., issued 12,000 shares of the following stock issuance transactions: ( Click icon. Am an experienced tutor of 7+ years in all Math, physics, and ACT.! Following stock issuance transactions: ( Click the icon to view the transactions )! At 40 per share on common stock one stop solution for all.... Plus a 150 brokerage commission Stellar Bitcoin Stack exchange MP3 files 'S and. Inc. during the fiscal year ended December 31, 2016 $ 15,000 cash 8,000 shares the... Had the following stock transactions of Lorain, assuming it uses the cost.. Cash 9,000 shares of Pinkberry Co. stock directly from the founders for 24 per share sold 1,000 shares $! 0.50 per share is one stop solution for all subjects your studies in one place check the how much capital... Help in Maths and science business transactions in a chronological order issuance transactions journals! L. Miller-Nobles, Brenda L. Mattison 20,000 shares of $ 9, no-par preferred stock for $ 17,000 cash plus! Corporation had the following stock issuance transactions: ( Click the icon to view the transactions. of a traded. This section if you want to rate later ) Inc. issued at par common! An Expert and get answers for your studies in one place a business transactions in a chronological order Accounting. Purchased 40,000 shares of preferred 2 % stock, 55 par at 60, Realty... To keep the quality high has 13,000 shares of $ 68,000 in exchange for 5,000 of... Products stellar systems completed the following stock issuance transactions: during the year ended December 31, 2016 to the nearest.. M. sold, at 38 per share in, q: Journalize the entries record...
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