Alabama Corporation has two classes of stock: common, $3 par value; and preferred, $40 par...
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Alabama Corporation has two classes of stock: common, $ par value; and preferred, $ par value. Requirements Journalize Alabama Corporation's issuance of shares of common stock for $ per share. Journalize Alabama Corporation's issuance of shares of preferred stock for a total of $ Requirement Journalize Alabama Corporation's issuance of shares of common stock for $ per share. Record debits first, then credits. Select the explanation on the last line of the journal entry table. 
Alabama Corporation has two classes of stock: common, $ par value; and preferred, $ par value.
Requirements
Journalize Alabama Corporation's issuance of shares of common stock for $ per share.
Journalize Alabama Corporation's issuance of shares of preferred stock for a total of $
Requirement Journalize Alabama Corporation's issuance of shares of common stock for $ per
share. Record debits first, then credits. Select the explanation on the last line of the journal entry table.
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