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Concord Inc. issues 4,200 shares of $120 par value preferred stock for cash at $150 per share. Journalize the issuance of the preferred stock. (Credit

Concord Inc. issues 4,200 shares of $120 par value preferred stock for cash at $150 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit

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