Journalize the issuance of the preferred stock

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Acker Inc. issues 5,000 shares of $100 par value preferred stock for cash at $130 per share. Journalize the issuance of the preferred stock. 

Reference no: EM131132007

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Journalize the issuance of the preferred stock : Acker Inc. issues 5,000 shares of $100 par value preferred stock for cash at $130 per share. Journalize the issuance of the preferred stock.
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