Beauty Island Corporation began operations on April 1 by issuing 55,000 shares of ($ 5) par value
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Beauty Island Corporation began operations on April 1 by issuing 55,000 shares of \(\$ 5\) par value common stock for cash at \(\$ 13\) per share. In addition, Beauty Island issued 1,000 shares of \(\$ 1\) par value preferred stock for \(\$ 6\) per share. Journalize the issuance of the common and preferred shares.
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Financial Accounting Tools For Business Decision Making
ISBN: 9781119316022
8th Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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