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sydney systems completed the following stock issuance transactions sep 19 issued 1 5 4243157

Sydney Systems completed the following stock issuance transactions:Sep 19 Issued 1,500 shares of $5 par common stock for cash of $10.50 per share.Oct 3 Sold 200 shares of $3.00, no-par preferred stock for $10,000 cash.11 Received inventory with a market value of $23,000 and equipment with a market value of $11,000. Issued 3,000 shares of the $5 par common stock in exchange. Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Sydney Systems?View Solution:
Sydney Systems completed the following stock issuance transactions Sep

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