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Make the journal entry to record issuance of the shares

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Question - Minh Corp is authorized to issue 400,000 no par value common shares. Subscriber agree to purchase shares at $12 per share with a 30% down payment. Assume that subscribers agree to purchase 75,000 shares and make the required down payment. Make the journal entry to record issuance of the shares upon receipt of the final instalment?

Reference no: EM133152455

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