Chaney Corporation issued 20,000 shares of common stock on January 1, 2014. The stock has par value of $1.00 per share and was sold at $30 per share. Please provide the journal entry for this transaction.
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Question

Chaney Corporation issued 20,000 shares of common stock on January 1, 2014. The stock has par value of $1.00 per share and was sold at $30 per share. Please provide the journal entry for this transaction.
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\hline \quad\quad\quad\quad\quad& \quad\quad&\quad\quad \
\hline & & \\hline & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Chaney Corporation issued 20,000 shares of common stock on January 1, 2014. The stock has par value of $1.00 per share and was sold at $30 per share. Please provide the journal entry for this transaction.
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\hline & & \\hline & & \
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\end{array}$$

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