Dominica Corporation is authorized to issue 1000000 shares of $1 par value common stock. During 2017 the company has the following stock transactions.
Jan. 15 Issued 400000 shares of stock at $7 per share.
Sept. 5 Purchased 30000 shares of common stock for the treasury at $9 per share.
Instructions
Journalize the transactions for Dominica Corporation.
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