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Make a record the issuance of the stock

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On May 10, Pina Colada Corp. issues 2,100 shares of $4 par value common stock for cash at $14 per share.

Question 1: Record the issuance of the stock. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Reference no: EM132489330

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