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Jackson Corporation engaged in the following transactions during the current year: June 1: Issued for cash 30,000 shares of common stock, which has a par

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Jackson Corporation engaged in the following transactions during the current year: June 1: Issued for cash 30,000 shares of common stock, which has a par value of $10, for $50 per share. June 7: Issued 1,000 shares of $100 par value cumulative preferred stock for $110. June 11: Purchased 2,000 shares of treasury stock at $62 per share. Aug 10: Reissued 800 shares of treasury stock acquired on June 11 at a price of $67 per share. REQUIRED: Prepare the entries related to the above transactions. EfG

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