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Lukspur corporation issued 329 shares at $10 par value common stock and 105 $59 value preferred stock lump sum of %105 share 372 The common

Lukspur corporation issued 329 shares at $10 par value common stock and 105 $59 value preferred stock lump sum of %105 share 372 The common stock has a market price of $20 per share, and preferred stock has market value of $100 per share.

Prepare journal entry to record the issuance

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