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Question 1 1.5 pts Apple Inc. sells 2m shares of common stock with a par value of $0.0001 for $70. The journal entry to recor

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Answer 1

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DR	Cash (2m x $ 70)	$ 140 m
CR	Common Stock (2m shares x $ 0.0001)	$ 200
CR	Paid in Capital	$ 139,999,800

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Answer 2

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