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Record the transactions completed

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Question - Beloved Company was incorporated on January 1, 2020 with a authorized share capital of 300,000 shares at $20 par value. Record the transactions completed during the months of January and February.

a. The incorporators subscribed to twenty five percent of the authorized share capital and paid 25% of the subscription price.

b. The incorporators paid the balance of the subscription.

Reference no: EM132596014

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