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Caps Lock 11A-10 11A-5. (Similar to problem 11A-1 and 11A-2 combined) Prepare the T- account entries for the following stock transactions of the ALEXANDER Corporation.
Caps Lock 11A-10 11A-5. (Similar to problem 11A-1 and 11A-2 combined) Prepare the T- account entries for the following stock transactions of the ALEXANDER Corporation. April 18 Issued 4000 shares of no par preferred stock for $24 per share. May 8 Issued 600 shares of $5 par preferred stock for $27 per share. July 16 Issued 500 shares of $4 par common stock for $22 per share. July 27 Issued 3500 shares of $20 par common stock in return for a patent with a fair market value of $72,000. August 3 Issued 2000 shares of $2 par common stock for $66 per share. The down payment is $28 per share with the reminder to be paid in three months. Nov 3 Investor pays remainder of amount owed on the August 3 stock purchase. Kindly use this template please Issuing Par Value Stock Company ABC sells 1,000 shares of $2 par value stock for $50,000 ASSETS U UTIS QUITY 1997 mm
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