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Journalize the entries to record the February transactions

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Problem - Entries for issuing stock

On February 23, Muir Corporation issued for cash 75,000 shares of no-par common stock (with a stated value of $80) at $125. On October 6, Muir issued 20,000 shares of 1%, $50 preferred stock at par for cash. On November 4, Muir issued for cash 12,000 shares of 1%, $50 par preferred stock at $59.

Journalize the entries to record the February 23, October 6, and November 4 transactions.

Reference no: EM132683168

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