Entries for Issuing Stock On January 22, Muir Corporation issued for cash 25,000 shares of no-par common stock at $40. On February 14, Muir issued at par value 8,000 shares of preferred 6% stock, $80 par for cash. On August 30, Muir Corporation issued for cash 35,000 shares of preferred 6% stock, $80 par at $88. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank. Jan. 22 Feb. 14 Aug. 30 X 000
Entries for Issuing Stock On January 22, Muir Corporation issued for cash 25,000 shares of no-par common stock at $40. On February 14, Muir issued at par value 8,000 shares of preferred 6% stock, $80 par for cash. On August 30, Muir Corporation issued for cash 35,000 shares of preferred 6% stock, $80 par at $88. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank. Jan. 22 Feb. 14 Aug. 30 X 000
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 4CE: Prepare the stockholders equity section of the balance sheet based on the following account...
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