Question

Sorocaba Co. had the following transactions during the current period. Mar. 2 Issued 5,000 R$1 par value ordinary shares to attorneys in payment of a bill for R$38,000 for services provided in helping the company to incorporate. June 12 Issued 60,000 R$1 par value ordinary shares for cash of R$475,000. July 11 Issued 1,000 R$100 par value preference shares for cash at R$110 per share. Nov. 28 Purchased 2,000 treasury shares for R$18,000. Instructions Journalize the transactions.

Answer 1

Answer:

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Explanation:

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