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Business, 22.07.2020 01:01 aprilreneeclaroxob0c
Journalizing issuance of stock—at par and at a premium
Colorado Corporation has two classes of stock: common, $3 par value; and preferred $30 par value.
Requirements
Journalize Colorado’s issuance of 4,500 shares of common stock for $6 per share.
Journalize Colorado’s issuance of 4,500 shares of preferred stock for a total of $135,000.
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Journalizing issuance of stock—at par and at a premium
Colorado Corporation has two classes of stoc...
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