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Prepare journal entries to record the following four separate issuances of stock. A corporation issued 2,000 shares of exist20 par value common stock for exist48.000
Prepare journal entries to record the following four separate issuances of stock. A corporation issued 2,000 shares of exist20 par value common stock for exist48.000 cash. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth exist48, 500. The stock has a exist5 per share stated value. A corporation issued 1,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth exist48, 500. The stock has no stated value. A corporation issued 500 shares of exist100 par value preferred stock for exist98, 500 cash
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