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On May 10, a company issued for cash 1,800 shares of no-par common stock (with a stated value of $2) at $15, and on May

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On May 10, a company issued for cash 1,800 shares of no-par common stock (with a stated value of $2) at $15, and on May 15, it issued for cash 3,000 shares of $15 par preferred stock at $59. Journalize the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank. May 10 May 15 On the first day of the fiscal year, a company issues a $1,000,000, 7%, five-year bond that pays semiannual interest of $35,000 ($1,000,000 x 7% 1/2), receiving cash of $884,171. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank. On the first day of the fiscal year, a company issues a $1,000,000, 9%, five-year bond that pays semiannual interest of $45,000 ($1,000,000 x 9% x 1/2), receiving cash of $884,177. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank

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