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Make the journal entry to record the issuance

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Question - Vaughn Corporation issued 384 shares of $10 par value common stock and 144 shares of $50 par value preferred stock for a lump sum of $19,872. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Make the journal entry to record the issuance.

Reference no: EM132485172

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