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QUESTION
Comfort realty begins operations on March 1 by issuing 100,000 shares of 10 par value common stock for cash at 12 per share.
Comfort realty begins operations on March 1 by issuing 100,000 shares of 10 par value common stock for cash at 12 per share. On March 15, it issues 5,000 shares of common stock to attorneys in settlement of their bill of $50,000 for organization costs. Journalize the issuance of the shares, assuming the stock is not publicly traded.
