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On July 1, Burlington Corporation issued 100 shares of $10 par value common stock for cash of $100 per share. Complete the necessary journal entry by selecting the account names and dollar amounts from the drop-down menus. If there are multiple debits or multiple credits, enter the account titles in alphabetical order.

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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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