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Dubai Company had the following transactions during the current period June 12 Issued 60,000 shares of $5 par value common stock for cash of $370,000

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Dubai Company had the following transactions during the current period June 12 Issued 60,000 shares of $5 par value common stock for cash of $370,000 July 1 Issued 1,000 shares of S100 par value preferred stock for cash at $112 per share, Journalize the transactions (2 marks; each transaction 1 mark) Solution Exercise 2B

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