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Parlay Corporation Has 2,000,000 Shares of $0

Question 186

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Parlay Corporation has 2,000,000 shares of $0.50 par value common stock outstanding. The following selected transactions related to the company's stock took place during the current year: Parlay Corporation has 2,000,000 shares of $0.50 par value common stock outstanding. The following selected transactions related to the company's stock took place during the current year: Prepare necessary journal entries to record the events of April 15, May 1 and May 10. Prepare necessary journal entries to record the events of April 15, May 1 and May 10.

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