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Question 25 9 pts Smart Electronics completed the following stock issuance transactions: June 7 Issued 4,000 shares of $3 par value common stock for cash

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Question 25 9 pts Smart Electronics completed the following stock issuance transactions: June 7 Issued 4,000 shares of $3 par value common stock for cash of $12 per share Aug. 16 Issued 400 shares of no par preferred stock for $25,000 cash Sept 19 Received equipment with a market value of $75,000 in exchange for 5,000 shares of the $3 par value common stock Prepare the journal entries to record these transactions. Explanations are not required. BIVAA- IE3 x x - ? V TT TT 12pt - Paragraph MacBook Air % 5 & 7 2 weeyo

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