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How much cash was raised from the stock issuances

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Question - Sunny Corp. issues 5,000 shares of $10 par value common stock at $14 per share and 7000 shares of $20 par value preferred stock at $25 per share.

a) Prepare the journal entries for the stock issuances.

b) How much cash was raised from the stock issuances?

Reference no: EM132547106

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