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How much paid-up capital did these transactions generate

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Question - Companies: Equity - Stevie Systems Ltd completed the following share issue transactions: Date Transaction June 5 Issued 2 500 ordinary shares for cash of $12.50 per share. June 15 Issued 3, 000 preference shares for $15,000 cash July 10 Received equipment with market value of $68 000 in exchange for the issue of 3 000 ordinary shares.

I. Journalize the transactions. Explanations aren't required.

II. How much paid-up capital did these transactions generate for Susie Systems Ltd?

Reference no: EM132992127

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