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Journalize the transactions

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

Jan. 10 Issued 74,500 shares for cash at $7 per share.

July 1 Issued 44,500 shares for cash at $10 per share.

Required - Journalize the transactions, assuming that the common stock is no-par with a stated value of $2 per share.

Reference no: EM132871850

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