Prepare the journal entry to record Typist Company’s issuance of 250,000 shares of its common stock.

 
   

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Prepare the journal entry to record Typist Company’s issuance of 250,000 shares of its common stock assuming the shares have a:a. $1 par value and sell for $10 cash per share.b. $1 stated value and sell for $10 cash per share.View Solution:
Prepare the journal entry to record Typist Company s issuance of