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Pina Colada Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $ 5 0 . During the
Pina Colada Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $ During the first year of operations, the company had the following events and transactions pertaining to its preferred stock.
Feb. Issued shares for cash at $ per share.
July Issued shares for cash at $ per share.
a
b
Post to the stockholders' equity accounts. Post entries in the order of journal entries posted in the previous part.
tablePreferred Stock
Paidin Capital in Excess of ParPreferred Stock
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