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TJ IncReceived Its Charter and Began Business in 2015

Question 87

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TJ Inc.received its charter and began business in 2015.The company was authorized to issue 28,000,$5,noncumulative preferred shares,and 500,000 common shares.Prepare journal entries to record the following transactions that occurred during 2015: TJ Inc.received its charter and began business in 2015.The company was authorized to issue 28,000,$5,noncumulative preferred shares,and 500,000 common shares.Prepare journal entries to record the following transactions that occurred during 2015:

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