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Prepare the journal entries for Mayhem Manufacturing: June 10 Incurred organization costs totaling $7,500 June 14 Issued 10,000 shares of $11 par value common stock

Prepare the journal entries for Mayhem Manufacturing:

June 10 Incurred organization costs totaling $7,500

June 14 Issued 10,000 shares of $11 par value common stock for $120,000

June 22 Issued 3,000 shares of 7%, $30 par value preferred stock for $120,000

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