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Journalize the issuance of the shares

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Question - On June 1, Noonan Inc. issues 4,000 shares of no-par common stock at a cash price of $6 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. Prepare entries for issuance of stock in a noncash transaction.

Reference no: EM133088086

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