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Preston Stores is authorized to issue 17,000 shares of common stock. During a two-month period, Preston completed these stock-issuance transactions: Journalize the transactions. Prepare the
Preston Stores is authorized to issue 17,000 shares of common stock. During a two-month period, Preston completed these stock-issuance transactions: Journalize the transactions. Prepare the stockholders' equity section of Preston Stores' balance sheet for the transactions given in this exercise. Retained Earnings has a balance of $41,000. Journalize the transactions. Begin by journalize the transaction on August 23. (Record debits first, then credits. Exclude explanations
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