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On February 1, Westwood Corporation issued 5,000 shares of its $20 par value preferred stock for $26 per share. Journalize the transaction. (Credit account titles

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On February 1, Westwood Corporation issued 5,000 shares of its $20 par value preferred stock for $26 per share. Journalize the transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Feb. 1 (Issued 5,000 shares at $26 per share)

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