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Jackson Royal French

Price: $1.99


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:

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

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