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thank you for your support Bramble inc issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock

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Bramble inc issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $114,000 a. Prepare the journal entry for the issuance when the market price of the common shares is $178 each and market price of the preferred is $222 each. b. Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $198 per share. (List all debit entries before credit entries. Do notround intermediate calculations. Round final answers to 0 decimal places, eg. 1,225. Credit account titles are outomotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter of for the amounts) No. Account Titles and Explanation Debit Credit a. b

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