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The Following Selected Transactions Pertain to Nesley Corporation

Question 281

Essay

The following selected transactions pertain to Nesley Corporation:
Jan. 3 Issued 150,000 ordinary shares, €10 par value, for €22 per share.
Feb. 10 Issued 8,000 ordinary shares, €10 par value, in exchange for special purpose equipment. Nesley Corporation's ordinary shares has been actively traded on the share exchange at €25 per share.
Instructions
Journalize the transactions.

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