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Business, 06.12.2021 16:30 bayeck

Mercury Corporation issued 3,500 shares of no-par common stock for $25 per share. Mercury also issued 2,800 shares of $50 par, 6 percent noncumulative preferred stock at $60 per share. Required:
a. Record these events in a horizontal statements model.
b. Prepare journal entries to record these transactions.

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Mercury Corporation issued 3,500 shares of no-par common stock for $25 per share. Mercury also issue...

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