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Record the transactions in a horizontal statements model

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Problem - Effect of no-par common and par preferred stock on the horizontal statements model

Mercury Corporation issued 8,000 shares of no-par common stock for $15 per share. Mercury also issued 1,900 shares of $55 par, 5 percent noncumulative preferred stock at $65 per share. Record the transactions in a horizontal statements model.

Reference no: EM132707195

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