Business, 27.11.2019 06:31, nichelle2807
Acompany issued 1,000 shares of $1 par value preferred stock for $5 per share. what is true about the journal entry to record the issuance? a. debit preferred stock $5,000.b. credit cash $5,000.c. credit preferred stock $5,000.d. credit additional paid-in capital $4,000.
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Acompany issued 1,000 shares of $1 par value preferred stock for $5 per share. what is true about th...
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