Prepare journal entries to record jan. 10 sold 102000, Ask an Expert

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A company is authorized to issue 750,000 shares of $5 par value common stock. Prepare journal entries to record, Jan. 10 sold 102,000 shares of commone stock for $8 cash per share. Jan 15 Exchanged 10,000 shares of common stock for equipment with a market value of $80,000. Feb. 1 Exchanged 500 shares of common stock for $3,000 of legal services incrueed during the company's organization.

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Accounting Basics, Accounting

Category:- Accounting Basics
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