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Business, 27.11.2019 04:31 thesean87

Oriole company issues 43000 shares of $100 par value preferred stock for cash at $105 per share. the entry to record the transaction will consist of a debit to cash for $4515000 and a credit or credits topreferred stock for $43 and retained earnings for $161250.preferred stock for $43 and paid-in capital in excess of par value—preferred stock for $215000.paid-in capital from preferred stock for $4515000.preferred stock for $4515000.

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Oriole company issues 43000 shares of $100 par value preferred stock for cash at $105 per share. the...
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