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Question - Quay Co. had the following transactions during the current period.
Mar. 2 Issued 5,000 par value common stock to attorneys in payment of a bill for 30,000 for services performed in helping the company to incorporate
June 12 Issued 60,000 share of $5 par value common stock for cash of $375, 000
July 11 Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share
Nov 28 Purchased 2,000 shares of treasury stock for $80,000
Required - Journalize the transactions.
Provide a reasonable explanation as to what may have caused the netcash inflow from operating activities.
It has sold 114 more $20 tickets than $10 tickets. The total sales are $66,000. How Many tickets of each kind have been sold
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