Smart Electronics Completed the Following Stock Issuance Transactions Prepare the Journal Entries to Record These Transactions

question 50

Essay

Smart Electronics completed the following stock issuance transactions:
$$\begin{array} { | l | l | } \hline&\text { Issued } 4,000 \text { shares of } \$ 3 \text { par value common stock for cash of }\\ \text { June 7 } & \$ 12 \text { per share } \\\hline \text { Aug. 16 } & \text { Issued 400 shares of no-par preferred stock for } \$ 25,000 \text { cash } \\\hline & \text { Received equipment with a market value of } \$ 75,000 \text { in } \\\text { Sept. 19 } & \text { exchange for 5,000 shares of the } \$ 3 \text { par value common stock } \\\hline\end{array}$$ Prepare the journal entries to record these transactions.Explanations are not required.

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Definitions:

Sleeping Patterns

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Stages Of Childbirth

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Preterm Babies

Infants born before completing the usual 37 weeks of gestation, often requiring special medical care due to their undeveloped bodies and organs.

Treatment Options

Various methods and interventions available for diagnosing, managing, or curing diseases and injuries.