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A Corporation Was Organized on January 1 of the Current

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A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares of 4%, $12 par preferred stock, and 100,000 shares of $3 par common stock.The following selected transactions were completed during the first year of operations:Jan. 3Issued 15,000 shares of common stock at $23 per share for cash.31Issued 200 shares of common stock to an attorney in payment of legal fees for organizing the corporation. The value of the stock at the time of payment was $25 per share.Feb. 24Issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $65,000, $120,000, and $45,000, respectively.Mar. 15Issued 2,000 shares of preferred stock at $56 for cash.​Journalize the transactions.

Distinguish the historical context and influence of various film genres and studio identities.
Appreciate the role of notable figures in the development of film technology and the studio system.
Understand the impact of the studio system on Hollywood's organization and talent management.
Recognize the evolution and resolution of the exclusive contract system within the Hollywood studio system.

Definitions:

Organizational Members

Individuals who belong to and participate in the structure of an organization, contributing to its culture and goals.

Better Future

A forward-looking aspiration or hope for improved conditions, success, and well-being in personal life or society at large.

Persuade People

The act of convincing or influencing others to adopt a particular stance, belief, or course of action through logical argumentation, appeal to emotions, or other techniques.

Like You

The perception or feeling of similarity or familiarity towards someone or something.

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