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Question
Journalize the following transactions:
a. Issued 1,000 shares of $10 par common stock at $59 for cash.
b. Issued 1,400 shares of $10 par common stock in exchange for equipment with a fair market price of $60,000.
c. Purchased 100 shares of treasury stock at $32.
d. Sold the 100 shares of treasury stock purchased in (c) at $42.
Answer
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