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Journalize the following transactions A. Issued 12,000 shares of $35 par common stock for a building with market value of $560,000 and equipment with a
Journalize the following transactions A. Issued 12,000 shares of $35 par common stock for a building with market value of $560,000 and equipment with a market value of $390,000. B. Declared a $300,000 dividend with 1,000 shares of $2 preferred stock and 50,000 shares of common stock outstanding C. Paid dividend declared in B above D. Purchased 1,500 shares of Treasury Stock at $67,500 E. Sold 500 shares of Treasury stock at $25,000
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