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Maine Corporation has two classes of stock common, $1 par value; and preferred, $10 par value. Requirements 1. Journalize Maine's issuance of 1,000 shares of
Maine Corporation has two classes of stock common, $1 par value; and preferred, $10 par value. Requirements 1. Journalize Maine's issuance of 1,000 shares of common stock for $14 per share 2. Journalize Maine's issuance of 1,000 shares of preferred stock for a total of $10,000. Requirement 1. Journalize Maine's issuance of 1,000 shares of common stock for $14 per share. (Check your spelling dollar amounts. Record debits first, then credits Select the explanation on the last line of the journal entry table.) Date Accounts and Explanations Debit Credit Requirement 2. Journalize Maine's issuance of 1,000 shares of preferred stock for a total of $10.000. (Check your spell dollar amount Record debits first, then credits Select the explanation on the last line of the journal entry table) Dato Accounts and Explanation Debit Credit Maine Corporation has two classes of stock common, 51 par value and preferred. 510 par value Requirements 1. Journalize Maine's issuance of 1,000 shares of common stock for $14 per share 2. Journaltze Maine's issuance of 1,000 shares of preferred stock for a total of $10,000 Requirement 1. Journalize Maine's issuance of 1,000 shares of common stock for 514 per share (Check your spelling carefu dollar amounts Record debits first, then credits. Select the explanation on the last line of the journal entry table) Date Credit Debit 14000 Accounts and Explanations Cash Common Stock-51 Par value Paldin Capital in Excess of par 4000 10000 Requirement 2. Journalice Maine's issuance of 1.000 shares of preferred stock for a total of $10,000. (Check your spelling care Solar amount acord debits first, then cradits Select the explanation on the last line of the journal entry table) Debit Credit Issued common stock for cash 10000 longed common stock for Inventory and equipment 10000 Issued preferred stock at a discount Issund preferred stock at a premium Issued preferred stock att Choose from any to enter any number in the input fields and then continue to the next
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