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Stockholm Corp

Question 27

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Stockholm Corp. was organized on January 1, 2020, with 100,000 common shares authorized, par value $ 10. On January 2, 2020, the corporation issued 15,000 of these shares for $ 190,000 cash. The entry to record this sale would be Stockholm Corp. was organized on January 1, 2020, with 100,000 common shares authorized, par value $ 10. On January 2, 2020, the corporation issued 15,000 of these shares for $ 190,000 cash. The entry to record this sale would be

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