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Prepare the journal entries for crane company transaction

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Reference no: EM132505342

Crane company had these transactions during the current period:

june 12-issued 89,500 shares of $1 par value common stock for cash of $335,625.

july 11- issued 3500 shares of $104 par value preferred stock for cash at $111 per share.

nov 28-purchased 1900 shares of stock for $8350.

Question 1: Prepare the journal entries for the crane company transactions.

Reference no: EM132505342

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