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Journalize the issuance of the shares

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Question - Carlos Corporation begins operations on June 1 by issuing 50,000 shares of $5 par value common stock for cash at $6 per share. On June 15, it issued 2,500 shares of common stock to attorneys in settlement of their bill of $12,500 for organization costs. Journalize the issuance of the shares, assuming the stock is not publicly traded.

Reference no: EM132765048

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