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Florida Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value.. Requirements 1. Journalize Florida's issuance of 5,500 shares of

image text in transcribed Florida Corporation has two classes of stock: common, $2 par value; and preferred, $10 par value.. Requirements 1. Journalize Florida's issuance of 5,500 shares of common stock for $6 per share. 2. Journalize Florida's issuance of 5,500 shares of preferred stock for a total of $55,000

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