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Prepare the journal entries to record the stock transactions

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Reference no: EM132967777

Question - Wise Company had the following transactions.

1. Issued 7,000 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.

Required - Prepare the journal entries to record the above stock transactions?

Reference no: EM132967777

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