Question: Multiple Select Question Select all that apply If 2,000 preferred shares are issued in exchange for $80,000, which of the following journal entries would apply?

Multiple Select Question Select all that apply If 2,000 preferred shares are issued in exchange for $80,000, which of the following journal entries would apply? (Check all that apply.) Multiple select question. Credit Preferred Shares $80,000 Credit Cash $80,000 Credit Preferred Shares $2,000 Debit Preferred Shares $80,000 Debit Cash $80,000 Debit Cash $2,000 Credit Gain on Issue $78,000

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