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a corporation was organized on Jan 1 of the current year, with an authorization of...

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Accounting

a corporation was organized on Jan 1 of the current year, with an authorization of 20,000 shares of 4%, $12 par preferred stck, and 100,000 shares of $3 par common stock. The following selected transactionswere completed during the first year of operations.

Jan 3 issued 15,000

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