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Wendy Corp. issues 9,500 shares of $7 par value common stock at $16 per share and 13,500
shares of $20 par value preferred stock at $25 per share. a) Prepare the journal entries for the
stock issuances. b) How much cash was raised from the stock issuances?

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Wendy Corp- issues 9-500 shares of $7 par value common stock at $16 pe.pdf

  • 1. Wendy Corp. issues 9,500 shares of $7 par value common stock at $16 per share and 13,500 shares of $20 par value preferred stock at $25 per share. a) Prepare the journal entries for the stock issuances. b) How much cash was raised from the stock issuances?