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Ava School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-par common stock and 20,000 shares of preferred stock, par value $10. During the year, the following selected transactions occurred:

a. Collected $42 cash per share from four individuals and issued 5,200 shares of common stock to each.
b. Issued 6,200 shares of common stock to an outside investor at $42 cash per share.
c. Issued 8,200 shares of preferred stock at $22 cash per share.

Required:
Prepare the journal entries indicated for each of these transactions.

Sagot :

Onisim

Answer:

plan c

Explanation:

I just guessed !!!! thanks for the points though

grdynb

Answer:

plan c

Explanation:

my answer it coudn't be

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