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Prepare journal entries for the transactions

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Reference no: EM132188450

Question - To expand operations, Aragon Consulting issued 170,000 shares of previously unissued stock with a par value of $1. Investors purchased the stock for $21 per share.

a. Sale of the above stock.

b. Sale of above stock if the par value was $2 per share.

Prepare journal entries for the above transactions.

Reference no: EM132188450

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