Question

On February 13, Epperson Company issued for cash 75,000 shares of no-par common stock (with a...

On February 13, Epperson Company issued for cash 75,000 shares of no-par common stock (with a stated value of $125) at $140. On September 9, Epperson issued at par 15,000 shares of 1%, $60 par preferred stock at par for cash. On November 23, Epperson issued for cash 8,000 shares of 1%, $60 par preferred stock at $70.

Required:

Journalize the entries to record the February 13, September 9, and November 23 transactions. If an amount box does not require an entry, leave it blank.

Feb. 13
Sept. 9
Nov. 23

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