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.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
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Problem 4CE: Prepare the stockholders equity section of the balance sheet based on the following account...
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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 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.

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