Cedar Corporation is authorized to issue 10,000 shares of 6%, $10 par, cumulative preferred stock....

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Accounting

Cedar Corporation is authorized to issue 10,000 shares of 6%, $10 par, cumulative preferred stock. During 2020, it sold 2,000 shares of preferred stock for $25 per share.
The journal entry to record the issuance of preferred stock during 2020 includes

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