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Cheyenne Corporation issued 1 0 3 , 0 0 0 shares of $ 2 0 par value, cumulative, 8 % preferred stock on January 1
Cheyenne Corporation issued shares of $ par value, cumulative, preferred stock on January $ In December Cheyenne declared its first dividend of $
Prepare Cheyenne\'s journal entry to record the issuance of the preferred stock.
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