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. Jackson Products sold 3,000 shares of common stock to new shareholders for $24 per share. The journal entry to record this transaction will: (a)
. Jackson Products sold 3,000 shares of common stock to new shareholders for $24 per share. The journal entry to record this transaction will:
(a) Increase total equity by $72,000. (b) Include a debit to common stock for $72,000. (c) Decrease total assets by $72,000. (d) All of the above are correct. (e) Only (a) and (b) are correct.
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