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Prepare entries that made for the capital stock transaction

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Reference no: EM131717431

Question - Mesa Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporation's capital stock.

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Instructions - On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions.

Reference no: EM131717431

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