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Business, 12.12.2019 04:31 pegflans314

Prepare journal entries to record each of the following four separate issuances of stock. a corporation issued 7,000 shares of $10 par value common stock for $84,000 cash. a corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $55,000. the stock has a $2 per share stated value. a corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $55,000. the stock has no stated value. a corporation issued 1,750 shares of $50 par value preferred stock for $142,500 cash.

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Prepare journal entries to record each of the following four separate issuances of stock. a corporat...
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