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Prepare journal entries for the following transactions:
a.Issue 15,000 shares, selling price is $45 and par value is $1.
b.Buy back 650 shares of outstanding stock at $48 per share.
c.Sell 500 shares of treasury stock at $50 per share.
Consanguineous Matings
Reproductive relationships between individuals who are closely related genetically, often leading to an increase in the probability of their offspring inheriting genetic disorders.
Autosomal Recessive Alleles
Alleles of a gene located on an autosome that need to be present in two copies (homozygous) in order for a trait or disorder to manifest.
Genetic Screening
A systematic search through a population for individuals with a genotype or karyotype that might cause a serious genetic disease in them or their offspring.
Newborns
Very young babies, often defined as being within the first hours to several weeks of life.
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