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4. Keaubie Co., Inc. issued 10,000 shares of its $4 par value preferred stock for $12 per share. Journalize. Chapter 12 - Corporations: Organization, Stock

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4. Keaubie Co., Inc. issued 10,000 shares of its $4 par value preferred stock for $12 per share. Journalize. Chapter 12 - Corporations: Organization, Stock Transactions, and Dividends And Retained Eamings Assignment 1 5. On July 1 Madison, Inc. declared $175,000 for cash dividends. Journalize the July 1 declaration and the July 31 payment

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