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XYZ Corporation issued 1,000 shares of common stock at $20 per share. Calculate the total proceeds from the issuance of common stock and prepare the

XYZ Corporation issued 1,000 shares of common stock at $20 per share. Calculate the total proceeds from the issuance of common stock and prepare the journal entry to record the transaction. Explain the significance of issuing common stock for a company and its implications for equity financing and ownership structure.

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