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1) a. Issued 20,000 shares of $5 par common stock for $5 per share. b. Issued 10,000 shares of $5 par common stock for $8

1) a. Issued 20,000 shares of $5 par common stock for $5 per share. b. Issued 10,000 shares of $5 par common stock for $8 per share c. Issued 5,000 shares of $5 par common stock for $6 per share Prepare the necessary journal entries to record the above transactions

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