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A corporation reported cash of $28,000 and total assets of $466,000 on its balance sheet.
Its common-size percent for cash equals:
• 16.64%.
• 6.01%.
• 100.00%.
• 60.10%.
• 1664%.
The following transactions relate to the stockholders' equity transactions of Wagner Corporation for its initial year of existence. Feb. 28 40,000 shares of common stock are issued for $14 per share.
Journal entries for Collected the correct balance due. Collected the correct balance due from the Transaction 4 sale of Merchandise, net of the discount.
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Prepare the journal entries for each of the following transactions:
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