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Aloha Corporation issues 6,000 shares of its common stock for $144,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations.1. The stock has neither par nor stated value.2. The stock has a $20 par value.3. The stock has an $8 stated value.View Solution:
Aloha Corporation issues 6 000 shares of its common stock for
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