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Wyanot Company issued 1,000 shares of its 5%, $100 par value, cumulative preferred stock for $110 cash per share. The journal entry to record this transaction includes a ______. (Check all that apply.)

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The journal entry to record this transaction includes a: Debit Cash $110,000 ;Credit to Preferred Stock $100,000 ; Credit to Additional Paid-In Capital- Preferred $10,000 .

Journal entry

Wyanot Company  journal entry

Debit Cash $110,000

(1,000 shares×$110)

Credit to Preferred Stock $100,000

(1,000 shares×$100)

Credit to Additional Paid-In Capital- Preferred $10,000

($110,000-$100,000)

Inconclusion the journal entry to record this transaction includes a: Debit Cash $110,000 ;Credit to Preferred Stock $100,000 ; Credit to Additional Paid-In Capital- Preferred $10,000 .

Learn more about  journal entry here:https://brainly.com/question/14279491

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