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TB Problem Qu. 11-167 (Algo) Accounting for par, stated, and no-par stock issuances A company...

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Accounting

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TB Problem Qu. 11-167 (Algo) Accounting for par, stated, and no-par stock issuances A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has nelther par value nor stated value. 2. The stock has a $1 stated value. 3. The stock has a $2 par value

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