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Journal entry will blue make to record this transaction

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Blue Corporation issues 200 packages of securities for $80 per package, or a total of $16,000. Each package includes four shares of $5 par common stock and one share of $30 par preferred stock. If the separate market values are $20 per share for the common stock and $70 per share for the preferred stock, what journal entry will Blue make to record this transaction?

Reference no: EM13869629

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