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Question 14 (8 points)On January 2, 2016, Alpha Corporation

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Question 14 (8 points)<br/><br/>On January 2, 2016, Alpha Corporation

procured new equipment with an issue of 5,000 shares of $4.00 par value common stock. The equipment had an MSRP of $65,000. Alpha’s stock was trading on the open market for $9.75 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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