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ABC Corporation was authorized to issue 20,0000 preference shares , P200 par value and 400,000 no par ordinary shares. Subscriptions for 6,000 preference shares was
ABC Corporation was authorized to issue 20,0000 preference shares , P200 par value and 400,000 no par ordinary shares. Subscriptions for 6,000 preference shares was received at P220 with a down payment of 50%. What entry should be made in the books to record the receipt of subscription?
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