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Prepare the journal entries for the crane company

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Reference no: EM133171272

Question - Crane Company had these transactions during the current period.

June 12 Issued 79,500 shares of $1 par value common stock for cash of $298,125.

July 11 Issued 3,650 shares of $105 par value preferred stock for cash at $113 per share.

Nov. 28 Purchased 3,200 shares of treasury stock for $8,800.

Required - Prepare the journal entries for the Crane Company transactions shown above.

Reference no: EM133171272

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