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Brief Exercise 15-4 Ravonette Corporation issued 309 shares of $12 par value common stock and...

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Accounting

Brief Exercise 15-4 Ravonette Corporation issued 309 shares of $12 par value common stock and 101 shares of $52 par value preferred stock for a lump sum of $17,433. The common stock has a market price of $30 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance

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