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Problems 1. (10 Points) The Mossing Corporation entered into the following transactions: Issued 12,000 shares of $25 par value preferred stock at $40 per share Issued 80,000 shares of common stock with a $10 stated value for cash of $18 per share Purchased 800 shares of treasury stock (common stock) at $20 per share Resold 200 shares of the treasury stock at $24 per share Prepare journal entries required for these transactions. DebitCredit Date Description a) b) c) d)