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Skysong, Inc. issues5,250shares of $115par value preferred stock for cash at $145per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically

Skysong, Inc. issues5,250shares of $115par value preferred stock for cash at $145per share.

Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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