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Please do quickly. Ursula Underwater Corp. issued 10,000 common shares, no par, and 1600 preferred shares. At the time of issue, the common shares were
Please do quickly.
Ursula Underwater Corp. issued 10,000 common shares, no par, and 1600 preferred shares. At the time of issue, the common shares were selling at $7.50 per share and the preferred at $6.25. Total cash received was $81,000. Required: Prepare the journal entry to record the issuance of the shares on June 30, 2020Step by Step Solution
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