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Prepare the following Journal entries: a. Company A issues 1,000 issues of $5 par stock in exchange for $9,000. b. Company B issues 500 shares
Prepare the following Journal entries: a. Company A issues 1,000 issues of $5 par stock in exchange for $9,000. b. Company B issues 500 shares of $4 stated value stock for $10,000 c. Company C issues 100 shares of $50 par preferred stock for $15,000. d. Company D purchases 100 shares of their common stock for $40 per share. e. Company E sells $10,000 worth of merchandise in a jurisdiction with 8% sales tax. f. Company F sells 350 season tickets for $100 each.
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