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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

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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