June 1 the company issued 2133 shares of its common stock, Ask an Expert

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June 1: The company issued 2133 shares of its common stock after acquiring from Joe $42,900 in cash, computer equipment with a fair market value of $11,960 and office equipment with a fair value of $598.

What accounts do you debit and credit and how do you determine how much for each.

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Accounting Basics, Accounting

Category:- Accounting Basics
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