Journal entry recording the transaction

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Reference no: EM13129616

Assume that Rex Company issues 2,000 shares of $ 20 par Common Stock for cash of $50,000. Please give the journal entry to record the transaction.

Reference no: EM13129616

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Journal entry recording the transaction : Assume that Rex Company issues 2,000 shares of $ 20 par Common Stock for cash of $50,000. Please give the journal entry to record the transaction.

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