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Journalize the transaction Novak Co. had the following transactions during the current period. Mar. 2 Issued 4,300 shares of $5 par value common stock to
Journalize the transaction
Novak Co. had the following transactions during the current period. Mar. 2 Issued 4,300 shares of $5 par value common stock to attorneys in payment of a bill for $26,600 for services performed in helping the company to incorporate. June 12 Issued $9,300 shares of $5 par value commonstock for cash of $381,200. July 11 Issued 2,325 shares of $100 par value preferred stock for cash at $130 per share. Nov. 28 Purchased 3,370 shares of treasury stock for $81,000 Step by Step Solution
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