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On May 21, 2020 Orikum Corp. decides to issue 10000 common stocks at par value $2 each. One week later stocks were sold and the

On May 21, 2020 Orikum Corp. decides to issue 10000 common stocks at par value $2 each. One week later stocks were sold and the corporation collected $40,000.

a. Make required journal entry/entries for May 21 and May 28 (8 points)

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