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On January 1, Stahl Company issued 5,000 shares of 6%, $20 par value, cumulative preferred stock for $25 per share. Record the required transaction. Date

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On January 1, Stahl Company issued 5,000 shares of 6%, $20 par value, cumulative preferred stock for $25 per share. Record the required transaction. Date Account Description Debit Credit Jan. 1

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