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On April 1, 8,000 shares of $5 par common stock were issued at $25, and on April 7, 3,000 shares of $50 par preferred stock

On April 1, 8,000 shares of $5 par common stock were issued at $25, and on April 7, 3,000 shares of $50 par preferred stock were issued at $107.

Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank.

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