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Make journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the given independent cases:

a) Jackson Corporation has common stock with a par value of $1 per share.

b) Royal Corporation has no-par common with a stated value of $5 per share.

c) French Corporation has no-par common; no stated value has been assigned

Accounting Basics, Accounting

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  • Reference No.:- M920326

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