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Business, 03.07.2020 17:01 Dianar4308

ABC Corporation issues 16,000 shares of its common stock for $171,500 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.
a. The stock has a $10 par value.
b. The stock has neither par nor stated value.
c. The stock has a $5 stated value.

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ABC Corporation issues 16,000 shares of its common stock for $171,500 cash on February 20. Prepare...
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