Refer to the following transactions. a. Sold 4,900 previously unissued shares of $1 par value common stock for $17 per share. b. Issued 1,200 shares of previously unissued 6% cumulative preferred stock, $50 par value, in exchange for land and a building appraised at $74,000. c. Declared and paid the annual cash dividend on the preferred stock issued in

Sep 8, 2023

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Refer to the following transactions. a. Sold 4,900 previously unissued shares of $1 par value common stock for $17 per share. b. Issued 1,200 shares of previously unissued 6% cumulative preferred stock, $50 par value, in exchange for land and a building appraised at $74,000. c. Declared and paid the annual cash dividend on the preferred stock issued in
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