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E11-2 Sagan Co had these transactions during the current period June 12 Issued 80,000 shares...

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E11-2 Sagan Co had these transactions during the current period June 12 Issued 80,000 shares of $1 par value common stock for cash of $300,000 Julysued 3,000 shares of $100 par value preferred stock for cash at $106 per share Nov. 28 Purchased 2,000 shares of treasury stock for $9,000 Prepare the journal entries for the Sagan Co transactions

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