Essay
The following selected transactions pertain to Sinclair Corporation:
Jan. 3 Issued 100,000 shares, $5 par value, common stock for $25 per share.
Feb. 10 Issued 6,000 shares, $5 par value, common stock in exchange for special purpose equipment. Sinclair Corporation's common stock has been actively traded on the stock exchange at $30 per share.
Instructions
Journalize the transactions.
Correct Answer:
Verified
Correct Answer:
Verified
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