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Prepare journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases:

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The guidance report numbers reflect on March -April class starting dates. Thank you!

Chapter 2 Exercise 1:

Issuance of stock
Prepare journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases:

  1. Jackson Corporation has common stock with a par value of $1 per share.
  2. Royal Corporation has no-par common with a stated value of $5 per share.
  3. French Corporation has no-par common; no stated value has been assigned.
 
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