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What is the journal entry to record the sale of the shares

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Question - Penne Pharmaceuticals sold 7 million shares of its $1 par common stock to provide funds for research and development. If the issue price is $12 per share, what is the journal entry to record the sale of the shares?

Reference no: EM133171290

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What is the journal entry to record the sale of the shares : Penne Pharmaceuticals sold 7 million shares of its $1 par common stock to provide funds for research and development. What is the journal entry to record sale
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