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Eastport inc. was organized on june 5, year 1. it was authorized to issue 440,000 shares of $10 par common stock and 60,000 shares of 4 percent cumulative class a preferred stock. the class a stock had a stated value of $25 per share. the following stock transactions pertain to eastport inc.: issued 22,000 shares of common stock for $15 per share. issued 8,000 shares of the class a preferred stock for $30 per share. issued 48,000 shares of common stock for $18 per share. required a. prepare general journal entries for these transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
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Eastport inc. was organized on june 5, year 1. it was authorized to issue 440,000 shares of $10 par...
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