Essay
The following selected transactions pertain to the Liang Corporation:
Jan 3 Issued 100,000 common shares for $25 cash per share.
Feb 10 Issued 6,000 common shares in exchange for special purpose equipment appraised at $159,000. Liang Corporation's common shares have been actively traded on the stock exchange at $27 per share.
Instructions
Journalize the transactions.
Correct Answer:
Verified
Correct Answer:
Verified
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