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Business, 27.04.2021 16:00 dsteele32

Cheyenne Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 48,000 shares for cash at $52 per share.
July 1 Issued 66,000 shares for cash at $56 per share.

Required:
Journalize the transactions.

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Cheyenne Corp. is authorized to issue both preferred and common stock. The par value of the preferre...

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