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aivan3 [116]
3 years ago
9

A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The journal entry to record the issuance is:

Business
1 answer:
guapka [62]3 years ago
7 0
-Debit cash $4,000
-credit paid-in capital excess par value $1,900
-credit preferred stock $2,100

Hope it helped
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<em />

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