Question
1. Tiger Co. issues 10,000 shares of $4 par common stock which is trading for $30 a share. It also issues 2,000 shares of $6
1. Tiger Co. issues 10,000 shares of $4 par common stock which is trading for $30 a share. It also issues 2,000 shares of $6 par preferred stock which is trading for $52 a share make either two separate or one combined journal entry.
2. King Co. issues 8,000 shares of $2 stated common stock which is trading for $20 a share. It also issues 1,000 shares of $1 stated preferred stock which is trading for $33 a share make either two separate or one combined journal entry
3. Baskings Co. issues 2,000 shares of common stock trading for $10 a share and 4,000 shares of preferred stock trading for $18 a share make either two separate or one combined journal entry
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