The Following Selected Transactions Pertain to the Liang Corporation

question 54

Essay

The following selected transactions pertain to the Liang 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. Liang 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:

Air Pollution

The presence of substances in the air that are harmful to human health, the environment, or cause climate change.

Opportunity Costs

Leaving potential advantages from various options on the table by picking a particular one.

Marginal Cost

The rise in overall expenses resulting from the production of an additional unit.

Employment Discrimination

Unfair treatment of employees based on race, gender, religion, national origin, physical or mental disability, age, sexual orientation, and other characteristics.