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Business, 17.02.2020 23:59 Tinytrevi7430

Flounder Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 46,500 shares for cash at $53 per share. July 1 Issued 69,000 shares for cash at $57 per share. Journalize the transactions.

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Flounder Corp. is authorized to issue both preferred and common stock. The par value of the preferre...
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