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please solve Prepare the necessary journal entry for each of the following transactions for Lily Corporation. (LLst all debit entries before credit entries. Credit occount
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Prepare the necessary journal entry for each of the following transactions for Lily Corporation. (LLst all debit entries before credit entries. Credit occount tities are outomatically indented when the amount is entered. Do not indent manually.) (a) Issued 2,600 shares of its $10 par value common stock for $21 per share. (b) Issued 5,800 shares of its stock for land advertised for sale at $95,000. Lily's stock is currently actively traded at a market price of $15 per share Step by Step Solution
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