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Business, 29.07.2020 22:01 VelvetXace

Ross Island Co. issues 10,000 shares of no-par value preferred stock for cash at $120 per share. The journal entry to record the transaction will consist of a debit to Cash for $1,200,000 and a credit (or credits) to:

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Ross Island Co. issues 10,000 shares of no-par value preferred stock for cash at $120 per share. The...
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