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Journalize the transactions

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Question - During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock.

Jan. 10 Issued 74,500 shares for cash at $5 per share.

July   1 Issued 41,000 shares for cash at $10 per share.

Required - Journalize the transactions, assuming that the common stock has a par value of $5 per share.

Reference no: EM132554149

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