An inexperienced accountant for Duran Corporation made the following entries. 
Instructions
On the basis of the explanation for each entry, prepare the entry that should have been made for the transactions.
Correct Answer:
Verified
Q151: Warren Company had the following transactions.
1. Issued
Q152: On July 6, XOT Corporation issued 2,000
Q152: In the stockholders' equity section of the
Q153: When common stock is issued for services
Q154: Horner Corporation is authorized to issue 1,000,000
Q155: On February 1, Burchess Corporation issued 5,000
Q158: Prepare the necessary journal entry for each
Q159: On September 5, Bertolli Corporation acquired 2,500
Q160: Donnelly Corporation is authorized to issue 1,000,000
Q161: Boswell Corporation has the following stockholders' equity
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