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Prepare the journal entries for wise company

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Wise Company had the following transactions...... 1. Issued 5,000 shares of common stock with a stated value of $10 for $130,000......... 2. Issued 2,000 shares of $100 par preferred stock at $108 for cash......... Instructions...... Prepare the journal entries to record the above stock transactions.

Reference no: EM13343540

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