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Cheyenne Corporation issued 356 shares of $10 par value common stock and 148 shares of $50...

Cheyenne Corporation issued 356 shares of $10 par value common stock and 148 shares of $50 par value preferred stock for a lump sum of $19,728. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance.

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