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majestico majestico
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Madison Corporation is authorized to issue 3,000 shares of common stock. Record the journal entry for each of the following independent situations. Assume Madison issues 1,000 shares at $15 on August 31.

a) Common stock has a $10 per share par value.
b) Common stock has no par value and no stated amount.
c) Common stock is no-par stock with a stated value of $8 per share.
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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7 years ago
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