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Prepare the necessary journal entry for each of the following transactions for Figs Corporation. (15...

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Accounting

Prepare the necessary journal entry for each of the following transactions for Figs Corporation. (15 pts) a Issued 2,000 shares of its $5 par value common stock for $20 per share. b Issued 5,000 shares of its no-par preferred stock for $16 per share

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