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E15.4 (LO1) Ravonette Corporation issued 300 shares of $10 par value ordinary shares and 100...

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Accounting

E15.4 (LO1) Ravonette Corporation issued 300 shares of $10 par value ordinary shares and 100 shares of $50 par value preference shares for a lump sum of $13,500. The ordinary shares have a market price of $20 per share, and the preference shares have a market price of $90 per share. Prepare the journal entry to record the issuance

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