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4. On November 26, 2020, Pecan Pie issues 20,000 shares of No Par Preferred stock in exchange for a Tractor with a market value of

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4. On November 26, 2020, Pecan Pie issues 20,000 shares of No Par Preferred stock in exchange for a Tractor with a market value of $125,000. In the space below, journalize the Nov. 26, 2020 journal entry to issue the No Par Preferred stock 3 points) CR Date Accounts 11/26/20 Cash DR 125000

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