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Sarasota Inc. issues 4,800 shares of $100 par value preferred stock for cash at $135...

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Accounting

Sarasota Inc. issues 4,800 shares of $100 par value preferred stock for cash at $135 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
image

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