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Acme Corp- filed Articles of Incorporation with the following authoriz (2).pdf

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Acme Corp. filed Articles of Incorporation with the following authorized shares: Common Stock: 200,000 shares; $5 Par per share Preferred Stock: 30,000 shares of $100 Par per share Determine the journal entry for the following transaction: Issued 10,000 shares of common for $14 per share..

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Acme Corp. filed Articles of Incorporation with the following authorized shares: Common Stock: 200,000 shares; $5 Par per share Preferred Stock: 30,000 shares of $100 Par per share Determine the journal entry for the following transaction: Issued 10,000 shares of common for $14 per share.

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