Mack Corporation has been issued a charter by the state of New Hampshire. This charter gives Mack the authority to issue 20,000 shares of $25 par value preferred stock and 100,000 shares of $10 par value common stock. Journalize the entries listed below.

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The Answer of Mack Corporation has been issued a charter by the state of New Hampshire. This charter gives Mack the authority to issue 20,000 shares of $25 par value preferred stock and 100,000 shares of $10 par value common stock. Journalize the entries listed below.

Mack Corporation Has Been Issued a Charter by the State