Journal entry to record the transaction

Reference no: EM13127709

Courgar Inc. issued 3,000 shares of 4% cumulative $120 par value preferred stock at par. What is the journal entry to record this transaction?

Reference no: EM13127709

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Journal entry to record the transaction : Courgar Inc. issued 3,000 shares of 4% cumulative $120 par value preferred stock at par. What is the journal entry to record this transaction?

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