Prepare entries to record the transaction below and complete the form by filling in the blanks. Issued 3,500 shares of $18 par common stock in exchange for equipment with a fair market price of $65,000. common stock cash .00

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 2.5C
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vishu

Subject-Accounting

Prepare entries to record the transaction below and complete the form by filling in the blanks.
Issued 3,500 shares of $18 par common stock in exchange for equipment with a fair market price of
$65,000.
common stock
cash
00
Transcribed Image Text:Prepare entries to record the transaction below and complete the form by filling in the blanks. Issued 3,500 shares of $18 par common stock in exchange for equipment with a fair market price of $65,000. common stock cash 00
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