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A company issued 1,400 shares of $5 par value preferred stock for $6 per share. What is true about the journal entry to record the

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A company issued 1,400 shares of $5 par value preferred stock for $6 per share. What is true about the journal entry to record the issuance? O Credit Preferred Stock $8,400 O Debit Preferred Stock $8,400 O Credit Cash $8,400 Credit Additional Paid-In Capital $1,400

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