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Prepare the necessary Journal entry for each of the following transactions for Nadim Corporation 1. Issued 2,000 shares of its $10 par value common stock
Prepare the necessary Journal entry for each of the following transactions for Nadim Corporation 1. Issued 2,000 shares of its $10 par value common stock for $20 per share. 2. Issued 5,000 shares of its stock for land advertised for sale at $90,000. Nadim's stock is actively traded at a market price of $16 per share. 3. Issued 1,000 shares of its $100 par value preferred stock for $120 per share. Requirements 1. Journalize the transactions. Explanations are not required. 2. How much paid-in capital did these transactions generate for Skylar Systems
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