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Problem 6. The Epson Company had the following transactions. Prepare the appropriate journal entries. 1. Issued 4,000 shares of $100 par preferred stock at $106

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Problem 6. The Epson Company had the following transactions. Prepare the appropriate journal entries. 1. Issued 4,000 shares of $100 par preferred stock at $106 for cash. 2. Issued 5,000 share of common stock with a par value of $10 for $105,000. 3. Purchased 500 shares of treasury common stock for $10.000. 4. Paid cash dividend of $20,000

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