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Prepare general journal entries to record the transactions

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Question - On July 26,20X5, SLB Company accepted a subscription for 8,000 shares of its $2 common stocks for $8 per share. The buyer paid 40% of the subscription price on this date and paid the remaining 60% on August 31. Prepare general journal entries to record the transactions of July 26 and August 31.

Reference no: EM132234224

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