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Dip Corporation is in Chapter 11 bankruptcy reorganization. For each of the following transactions relating to the reorganization, show the journal entry that would be
Dip Corporation is in Chapter 11 bankruptcy reorganization. For each of the following transactions relating to the reorganization, show the journal entry that would be required by Dip. Assume that all unsecured liabilities were not reclassified to Prepetition Claims Subject to Compromise.
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