Bruner Corporation has two classes of stock, ($1) par common and ($10) par preferred. Journalize Bruners issuance
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Bruner Corporation has two classes of stock, \($1\) par common and \($10\) par preferred. Journalize Bruner’s issuance 6f the following:
a. 1,000 shares of common stock for \($50\) per share
b. 1,000 shares of preferred stock for a total of \($32,000\) Explanations are not required.
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