During its first year of operations rosa corp has these, Ask an Expert

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During it's first year of operations, Rosa Corp has these transactions pertaining to its common stock.

Jan. 10 Issued 30,000 shares for cash at $5 per share
July 1 Issued 60,000 shares for cash at $7 per share

1. Journalize the transactions, assuming that the common stock has a par value of $5 per share

2. Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9968862

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