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majestico majestico
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6 years ago
Prepare the journal entries for Mayhem Manufacturing:
July 21   Issued 7,000 shares of $10 par common stock for $85,000.
July 29   Issued 2,500 shares of 7%, $35 par preferred stock for equipment with a fair market value of $95,000.
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


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