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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 13
Issuing stock
California Corporation has two classes of stock: Common, $2 par; and Preferred, $10 par.
Requirement
1. Journalize California's issuance of
a. 2.000 shares of common stock for $11 per share.
b. 2,000 shares of preferred stock for a total of $20,000.
California Corporation has two classes of stock: Common, $2 par; and Preferred, $10 par.
Requirement
1. Journalize California's issuance of
a. 2.000 shares of common stock for $11 per share.
b. 2,000 shares of preferred stock for a total of $20,000.
Explanation
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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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