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Journalize the entries to record the August transactions

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Problem - Entries for issuing stock - On August 7, Asian Artifacts Corporation issued for cash 300,000 shares of no-par common stock at $1.75. On September 1, Asian Artifacts issued 25,000 shares of 2%, $40 preferred stock at par for cash. On November 2, Asian Artifacts issued for cash 10,000 shares of 2%, $40 par preferred stock at $52. Journalize the entries to record the August 7, September 1, and November 2 transactions.

Reference no: EM132683170

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