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Ayayal Corporation issued 520 shares of $100 par value preferred stock for $63,800. Prepare Ayayal's journal entry. (Credit account titles are automatically indented when amount

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Ayayal Corporation issued 520 shares of $100 par value preferred stock for $63,800. Prepare Ayayal's journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit

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