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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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