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Chart of accounts for exact wording of account titles

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Problem: On January 22, A Corporation issued for cash 183,000 shares of no-par common stock at $50. On February 14, the corporation issued at par value 1,000 shares of preferred 4% stock, $50 par for cash. On August 30, the corporation issued for cash 15,000 shares of preferred 4% stock, $50 par at $74.

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Question: Journalize the entries to record the January 22, February 14, and August 30 transactions. Refer to the Chart of Accounts for exact wording of account titles. Can you deliver the detailed solution of this problem.

Reference no: EM132419495

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