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Johnson Corporation had the following transactions:
1. Issued 7,000 shares of no-par common stock with a stated value of $15 per share for $155,000.
2. Issued 3,000 shares of $100 par value preferred stock at $117 per share for cash.
Required:
Prepare the journal entries for the above transactions. Omit explanations.
Human Life
The existence and experiences of an individual human being from birth to death, including physical, emotional, and intellectual aspects.
Poor Man
A term referring to an individual with limited financial resources, often used in broader discussions of socioeconomic status and disparity.
Postconventional
A stage in moral development where individuals make decisions based on internal principles, and societal rules are seen as flexible.
Unnecessary Human Suffering
Human distress or hardship that could be avoided or mitigated through alternative actions or policies.
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