Answered: Journalize the entries to record the…

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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Question

On January 22, Ireland Corporation issued for cash 20,000 shares of no-par common stock at $25. On February 14, Ireland issued at par value 5,000 shares of preferred 3% stock, $80 par for cash. On August 30, Ireland issued for cash 20,000 shares of preferred 3% stock, $80 par at $89.

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	- Select -	- Select -
	- Select -	- Select -
Feb. 14	- Select -	- Select -
	- Select -	- Select -
Aug. 30	- Select -	- Select -

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