Business, 02.07.2020 17:01 idontknow11223344

Witt Oil issued 100,000 shares of cumulative, nonparticipating preferred stock with a par value of $100 and a stated dividend of 7%. The shares sold for $96 per share. The journal record for this transaction would be

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Witt Oil issued 100,000 shares of cumulative, nonparticipating preferred stock with a par value of $...

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