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trangldtruong trangldtruong
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5 years ago
TNT Corporation is authorized to issue 75,000 shares of $1 par value common stock. Prepare the journal entries for the following transactions (omit explanations):
a. Issued 50,000 shares at $25 per share.
b. Issued 500 shares in exchange for consulting services; the estimated fair value is $20 per share.
c. Issued 7,000 shares at $30 per share, paying an underwriter $800 in stock issuance costs.
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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ColtonColton
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5 years ago
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trangldtruong Author
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5 years ago
Above and beyond my expectations for this site
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