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Analapin Company issued the following shares for a lump sum price of $14,000. 100 shares of $1 par value common stock that has a market
Analapin Company issued the following shares for a lump sum price of $14,000. 100 shares of $1 par value common stock that has a market price of $60 per share on the issue date. 90 shares of $5 par value preferred stock that has a market price of $100. Required: Prepare the journal entry to record the issue
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