Farris inc issues 8000 shares of 100 par value preferred


Question - Farris Inc. issues 8,000 shares of $100 par value preferred stock for cash at $108 per share. Journalize the issuance of the preferred stock. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.)

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Accounting Basics: Farris inc issues 8000 shares of 100 par value preferred
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