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Explain how to prepare the general journal entry

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Reference no: EM132385803

On January 2, 2016, Alpha Corporation issued

1,500 shares of $6 par value common stock.

The issue price was $15 per share.

On January 15, Alpha Corporation issued 1,100 shares of its $100 par 5% cumulative preferred stock for $105 per share.

Explain how to prepare the General Journal entry for the January 2 and January 15 entries.

Reference no: EM132385803

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