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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
Mack Corporation has been issued a charter by the state of New Hampshire. This charter gives Mack the authority to issue 20,000 shares of $20 par value preferred stock and 100,000 shares of $5 par value common stock. Journalize the entries listed below.

June   1   Issued 4,000 shares of preferred stock at $25 per share.
   4   Issued 5,000 shares of common stock at $15 per share.
   13   Issued 6,000 shares of common stock at $20 per share.
   21   Issued 1,000 shares of preferred stock at $35 per share.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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majestico Author
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#2
6 years ago
Thanks for attempting to answer. You were correct in your response!
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