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A company issued 800 shares of $4 par value preferred stock for $5 per share. What is true about the journal entry to record

A company issued 800 shares of $4 par value preferred stock for $5 per share. What is true about the journal entry to record the issuance? Multiple Choice Credit Cash $4,000 Credit Additional Paid-In Capital $800 Debit Preferred Stock $4,000 Credit Preferred Stock $4,000

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