Essay
The following selected transactions pertain to L. Lewis Corporation:
Jan. 3 Issued 100000 shares $10 par value common stock for $25 per share.
Feb. 10 Issued 6000 shares $10 par value common stock in exchange for special purpose equipment. L. Lewis 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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