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What are the journal entries for this question

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Question - "Madrona Venture Group to help take Shen-n-Doah public.. Your estimated valuation of Shen-n-Doah is $100,000,000 and you have authorized 15,000,000 shares of stock and will issue 5,000,000 shares with the IPO. You and JR will retain 2,500,000 shares each. The par value of the stock will be set at $1 / share. Madrona will be compensation with a payment of $1,000,000 or will receive incremental value above the $18 / Share target price."

What are the journal entries for this question?

Reference no: EM132437192

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