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Prepare the general journal entry for the january 2

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Reference no: EM132324752

Question

On January 2, 2016, Alpha Corporation issued 2,500 shares of $4 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,000 shares of its $100 par 5% cumulative preferred stock for $107 per share.

Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries.

Reference no: EM132324752

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