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Journalize the entries for January and March

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Problem - Entries for issuing par stock - On January 14, Mountain Rocks Inc., a marble contractor, issued for cash 24,000 shares of $25 par common stock at $32, and on March 17, it issued for cash 60,000 shares of $10 par preferred stock at $11. Journalize the entries for January 14 and March 17.

Reference no: EM132878390

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Journalize the entries for January and March : On January 14, Mountain Rocks Inc., a marble contractor, issued for cash 24,000 shares of $25 par common stock at $32, Journalize the entries for January
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