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King Corporation began operations in January of the current year. The charter authorized the following stock Preferred stock: 10 percent, $13 par value, 41,300 shares

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King Corporation began operations in January of the current year. The charter authorized the following stock Preferred stock: 10 percent, $13 par value, 41,300 shares authorized Common stock: $8 par value, 86,100 shares authorized During the current year, the following transactions occurred in the order given: a. Issued 22,900 shares of common stock for $12 per share. b. Sold 8,600 shares of the preferred stock at $23 per share. c. Sold 2,400 shares of the preferred stock at $23 per share and 3,500 shares of common stock at $13 per share. Required: Provide the journal entries required to record each of the transactions in (a) through (c). (If no entry is required for a ransaction/event, select "No journal entry required" in the first account field.) Issued 22,900 shares of common stock for $12 per share. Note: Enter debits before credits. Sold 8,600 shares of the pleferred stock for $23 per share. Note: Enter debits before credits. Sold 2,400 shares of the preferred stock for $23 per share and 3,500 shares of common stock for $13 peis share. Note: Enter debits before credits

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