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Raptor22
Feb 13, 2013, 07:11 PM
On June 1 Penner Inc. issues 3,000 shares of no-par common stock at a cash price of $6 per share. Journalize the issuance of the shares.
pready
Feb 13, 2013, 08:47 PM
Your accounts are Common Stock (owners equity )and Cash (asset).