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majestico majestico
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Posts: 1455
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6 years ago
Journalize the transactions for the stock subscription plan for Nick Company. On February 1, Nick received subscriptions for 100 shares of $10 par value common stock at $12 per share. The buyer will pay two equal installments on March 1 and June 1. Assume all payments are made as scheduled and the company issues the stock after the June 1 collection.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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AugustisAugustis
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6 years ago
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majestico Author
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6 years ago
You make an excellent tutor!
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Brilliant
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Thanks
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