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Home Q & A Board Other Fields Homework Help Business Accounting
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Maserati Maserati
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5 years ago
Brimley Corp. issued 5,000 common shares, no par, and 800 preferred shares. At the time of issue
the common shares were selling at $30 per share and the preferred at $25. Total cash received
was $162,000. Prepare the journal entry to record the issuance of the shares.
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
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wanderson2224wanderson2224
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5 years ago
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Maserati Author
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#2
5 years ago
Tremendous help, I just double-checked it with my friend Smiling Face with Open Mouth
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