Beauty island corporation began operations on april 1 by, Accounting Basics

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Beauty island corporation began operations on april 1 by

Question: Beauty Island Corporation began operations on April 1 by issuing 55,000 shares of $5 par value common stock for cash at $13 per share. In addition, Beauty Island issued 1,000 shares of $1 par value preferred stock for $6 per share. Journalize the issuance of the common and preferred shares.

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Accounting Basics: Beauty island corporation began operations on april 1 by

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