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One half of each class of authorized shares is issued at

Question - A corporation is authorized to issue 10,000 shares of preferred stock,$100 par, and 100,000 shares of common stock,$20 par. One half of each class of authorized shares is issued at par for cash. Show the journal entries to record the issuance of shares.

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Accounting Basics: One half of each class of authorized shares is issued at

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Accounting Basics: One half of each class of authorized shares is issued at

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