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Business, 22.05.2020 19:57, keigleyhannah30
Prepare journal entries to record the following four separate issuances of stock.
1. A corporation issued 3,000 shares of $20 par value common stock for $72,000 cash.
2. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $50,500. The stock has a $3 per share stated value.
3. A corporation issued 1,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $50,500. The stock has no stated value.
4. A corporation issued 750 shares of $50 par value preferred stock for $88,000 cash.
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Answers: 1
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Prepare journal entries to record the following four separate issuances of stock.
1. A c...
1. A c...
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