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Record the journal entries for the issued shares

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Problem 1: Wong Incorporated is authorized to issue an unlimited number of no par value common shares. Record the journal entries for the following:

Issued 2 000 shares at $11 per share.
Issued 300 shares to the lawyer for a $2 800 legal bill.
Issued 7 000 shares for land with a fair market value of $83 000.

Reference no: EM132694869

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