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On April 1, 12,000 shares of $7 par common stock were issued at $26, and on April 7, 3,000 shares of $70 par preferred

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On April 1, 12,000 shares of $7 par common stock were issued at $26, and on April 7, 3,000 shares of $70 par preferred stock were issued at $108. Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank. Date April 1 April 7 Account Debit Credit

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