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6. Everest Corporation has two classes of stock: Common, $2 par value; and Preferred, $5 par value. Journalize the issuance of 24,000 shares of common

6. Everest Corporation has two classes of stock: Common, $2 par value; and Preferred, $5 par value. Journalize the issuance of 24,000 shares of common stock for $8 per share. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanations Debit Credit

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