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Business, 30.10.2019 03:31 tuetheturtle

Bramble inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $110,000. (a) prepare the journal entry for the issuance when the market price of the common shares is $180 each and market price of the preferred is $225 each. (b) prepare the journal entry for the issuance when only the market price of the common stock is known and it is $190 per share.

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