Sarasota Inc. issues 4,800 shares of $100 par value preferred stock for cash at $135...
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Accounting
Sarasota Inc. issues shares of $ par value preferred stock for cash at $ per share.
Journalize the issuance of the preferred stock. List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.
Account Titles and Explanation
Debit
Credit
Answer & Explanation
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