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Prepare entries to record the transactions for Maine Corp.: (a) Issued 2,000 shares of par common stock at for cash.
(b) Issued 2,500 shares of common stock in exchange for land with a fair market price of .
(c) Purchased 400 shares of treasury stock at .
(d) Sold the 400 shares of treasury stock purchased in (c) at .
Rhythm Method
A form of natural family planning based on tracking the menstrual cycle to estimate fertile and infertile periods.
Menstrual Cycle
The regular, natural change that occurs in the female reproductive system that makes pregnancy possible, typically lasting about 28 days.
Ovulation
The phase in the menstrual cycle when an ovary releases an egg, marking the time when a woman is most fertile.
Cervical Cap
A silicon, cup-shaped device that is inserted into the vagina to prevent pregnancy.
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