Question 25 (12 points) Johnson Corporation had the following transactions: Issued 7,000 shares of no-par...
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Question 25 (12 points) Johnson Corporation had the following transactions: Issued 7,000 shares of no-par common stock with a stated value of $15 per share 1. for $155,000. 2. Issued 3,000 shares of $100 par value preferred stock at $117 per share for cash. Required: Prepare the journal entries for the above transactions. Omit explanations, Account Debit Credit 2
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