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On January 2, 2016, Alpha Corporation procured new equipment

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On January 2, 2016, Alpha Corporation procured new equipment with
an issue of 5,500 shares of $4.50 par value common stock. The equipment had an MSRP of $75,000. Alpha’s stock was trading on the open market for $9.25 per share on January 2nd. Use this information to prepare the General Journal entry (without explanation) for the January 2 entry.

 
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