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Journalize the issuance of shares of common stock

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Problem 1: Everest Corporation has two classes of? stock: Common, ?$1 par? value; and? Preferred, $4 par value. Journalize the issuance of 10,000 shares of common stock for $8 per share. ?(Record debits? first, then credits. Select the explanation on the last line of the journal entry? table.)

Reference no: EM132676788

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Journalize the issuance of shares of common stock : Common, ?$1 par? value; and? Preferred, $4 par value. Journalize the issuance of 10,000 shares of common stock for $8 per share.
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