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The ABC Company issued 2,000 shares of 5% $100 par preferred stock at $120 per share and 100,000 shares of its $1 par value common
The ABC Company issued 2,000 shares of 5% $100 par preferred stock at $120 per share and 100,000 shares of its $1 par value common stock at $3 per share. Prepare the journal entries for the issuance of these shares of stock. 
The ABC Company issued 2,000 shares of 5%$100 par preferred stock at $120 per share and 100,000 shares of its $1 par value common stock at $3 per share. Prepare the journal entries for the issuance of these shares of stock
The ABC Company issued 2,000 shares of 5% $100 par preferred stock at $120 per share and 100,000 shares of its $1 par value common stock at $3 per share. Prepare the journal entries for the issuance of these shares of stock.
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