On february 13 epperson company issued for cash 75000, Ask an Expert

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On February 13, Epperson Company issued for cash 75,000 shares of no-par common stock (with a stated value of $125) at $140. On September 9, Epperson issued at par 15,000 shares of 1%, $60 par preferred stock at par for cash. On November 23, Epperson issued for cash 8,000 shares of 1%, $60 par preferred stock at $70.

Required:

Journalize the entries to record the February 13, September 9 and November 23 transactions. Refer to the Chart of Accounts for exact wording of account titles.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91968898

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