A corporation was organized on January 1 of the current year,with an authorization of 20,000 shares of 4%,$12 par preferred stock,and 100,000 shares of $3 par common stock.The following selected transactions were completed during the first year of operations: Journalize the transactions.

Question

A corporation was organized on January 1 of the current year,with an authorization of 20,000 shares of 4%,$12 par preferred stock,and 100,000 shares of $3 par common stock.The following selected transactions were completed during the first year of operations:​  Journalize the transactions.

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The Answer of A corporation was organized on January 1 of the current year,with an authorization of 20,000 shares of 4%,$12 par preferred stock,and 100,000 shares of $3 par common stock.The following selected transactions were completed during the first year of operations:​  Journalize the transactions.

A Corporation Was Organized on January 1 of the Current