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Prepare the journal entry to record Zende Companys issuance of 75,000 shares of $5 par...

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Accounting

Prepare the journal entry to record Zende Companys issuance of 75,000 shares of $5 par value common stock assuming the shares sell for:

  1. $5 cash per share.
  2. $6 cash per share.

  • 1

    Record the issuance of 75,000 shares of $5 par value common stock assuming the shares sell for $5 cash per share.

  • 2

    Record the issuance of 75,000 shares of $5 par value common stock assuming the shares sell for $6 cash per share.

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