The charter for KWCP minus TV, Inc. authorizes the company to issue 100,000 shares of $3, no-par preferred stock and 500,000 shares of common stock with $1 par value. Record the transactions in

The charter for KWCP minus TV, Inc. authorizes the company to issue 100,000 shares of $3, no-par preferred stock and 500,000 shares of common stock with $1 par value. Record the transactions in the general journal.

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