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Flounder Inc. issues 4,350 shares of $100 par value preferred stock for cash at $135 per share. Journalize the issuance of the preferred stock. (List
Flounder Inc. issues 4,350 shares of $100 par value preferred stock for cash at $135 per share. Journalize the issuance of the preferred stock. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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