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5 Which of the following is the correct journal entry to record the issuance of 3,000 shares of 6% cumulative, $40 stated value, preferred stock

5 Which of the following is the correct journal entry to record the issuance of 3,000 shares of 6% cumulative, $40 stated value, preferred stock at $44? points Multiple Choice 00:04:52 Debit 132.000 Credit Preferred Stock, $40 Stated Value, 6% Cumulative Cash 132,000

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