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Beveridge Corporation issued 300 shares of $10 par value common
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Beveridge Corporation issued 300 shares of $10 par value common stock and 100 shares of $50 par value preferred stock for a lump sum of $13,500. Common stock has a market value of $20 per share, and preferred stock has a market value of $90 per share. Prepare the journal entry to record issuance of shares.
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Beveridge Corporation issued 300 shares of $10 par value common stock and 100 shares of $50 par value preferred stock for a lump sum of $13,500. Common stock has a market value of $20 per share, and preferred stock has a market value of $90 per share. Prepare the journal entry to record issuance of shares.
Tags: ACCT 303 BEVERIDGE CORPORATION, ACCT 303 BEVERIDGE CORPORATION ISSUED 300 SHARES OF $10 PAR VALUE
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Flashcard info:
Author: CoboCards-User
Main topic: Education
Topic: Education
School / Univ.: devry university
City: UK
Published: 12.02.2020