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Received 60,000 from Sophia LeBron and issued 12000 common shares of $5 par value. Journalize

Received 60,000 from Sophia LeBron and issued 12000 common shares of $5 par value. Journalize

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Answer #1

By Cash a/c ......Dr 60000$

To Equity share capital a/c. 60000$

(Being 12000 no of common stock of 5$ issued for 60000$)

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