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Record the journal entries for the following facts: Issued 500 shares of stock for a backhoe. The par value of the stock is $5 The
- Record the journal entries for the following facts:
- Issued 500 shares of stock for a backhoe.
- The par value of the stock is $5
- The backhoe has a sticker price of $65,000.
- The average discount on sticker that the seller provides her customers on backhoes is six percent.
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