Entries for Issuing Stock
On January 22, Limerick Corporation issued for cash 13,000 shares of no-par common stock at $45. On February 14, Limerick issued at par value 9,000 shares of preferred 8% stock, $75 par for cash. On August 30, Limerick issued for cash 28,000 shares of preferred 8% stock, $75 par at $79.
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 | |||
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