Entries for issuing stock On January 22, Ireland Corporation issued for cash 14,000 shares of no-par common stock at $30. On February 14, Ireland issued at par value 9,000 shares of preferred 7% stock, $60 par for cash. On August 30, Ireland issued for cash 35,000 shares of preferred 7% stock, $60 par at $68. 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.
Entries for issuing stock On January 22, Ireland Corporation issued for cash 14,000 shares of no-par common stock at $30. On February 14, Ireland issued at par value 9,000 shares of preferred 7% stock, $60 par for cash. On August 30, Ireland issued for cash 35,000 shares of preferred 7% stock, $60 par at $68. 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.
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 10MC: A company issued 40 shares of $1 par value common stock for $5,000. The journal entry to record the...
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Entries for issuing stock
On January 22, Ireland Corporation issued for cash 14,000 shares of no-par common stock at $30. On February 14, Ireland issued at par value 9,000 shares of
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