The Following Selected Transactions Pertain to the RWE Corporation

question 6

Essay

The following selected transactions pertain to the RWE Corporation:
Jan 3 Issued 100,000 common shares for $ 25 cash per share.
Feb 10 Issued 6,000 common shares in exchange for special purpose equipment appraised at $ 159,000. RWE Corporation's common shares have been actively traded on the stock exchange at $ 27 per share.
Instructions
Journalize the transactions.

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Definitions:

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