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Doherty inc is authorized to issue 1000000 shares of 1 par

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Doherty, Inc., is authorized to issue 1,000,000 shares of $1 par value common stock and 400,000 shares of $100 par preferred stock. Prepare the journal entries to record the sale of 10,000 shares of common stock at $9 and 200 shares of preferred stock at $103 per share.

Reference no: EM13589415

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