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15-5 (a) Prepare the journal entry for the issuance when the market price of the common shares is $176 each and market price of the

15-5

(a) Prepare the journal entry for the issuance when the market price of the common shares is $176 each and market price of the preferred is $220 each. (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $198 per share. for the account titles and enter 0 for the amounts.) Credit

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