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A corporation is authorized to issue 10,000 shares of preferred stock,$100 par,and 100,000 shares of common stock,$20 par.One half of each class of authorized shares
A corporation is authorized to issue 10,000 shares of preferred stock,$100 par,and 100,000 shares of common stock,$20 par.One half of each class of authorized shares is issued at par for cash.Show the journal entries to record the issuance of shares.
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