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Novak Corporation is authorized to issue common and $ 3 convertible preferred shares. Each preferred share is convertible into four common shares. On July 2
Novak Corporation is authorized to issue common and $ convertible preferred shares. Each preferred share is convertible into four common shares. On July the company issued preferred shares for $ per share. The common shares were trading at $ on September $ on September and $ on September
Journalize the conversion of the preferred shares on September
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