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Issuance of common stock 5mith& Sons, thc. is authorized to issue one mililon shares of $1 par value common stock. The company actually sells 750,000

Issuance of common stock 5mith& Sons, thc. is authorized to issue one mililon shares of $1 par value common stock. The company actually sells 750,000 shares at $15 per share Prepare the joumat entry to record the issuance of the 750,000 shares

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