Obj. 2 On January 22, Zentric Corporation issued for cash 160,000 shares of no- par common stock at $8. On February 14, Zentric issued at par value 45,000 shares of preferred 2% stock, $50 par for cash. On August 30, Zentric issued for cash 10,000 shares of preferred 2% stock, S50 par at $56. Journalize the entries to record the January 22, February 14, and August 30 transactions.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Obj. 2 On January 22, Zentric Corporation issued for cash 160, 000 shares of no- par common stock at $8. On February 14, Zentric issued at par value 45, 000 shares of preferred 2% stock, $50 par for cash. On August 30,
Zentric issued for cash 10,000 shares of preferred 2% stock, $50 par at $56. Journalize the entries to record the January 22, February 14, and August 30 transactions.
Transcribed Image Text:Obj. 2 On January 22, Zentric Corporation issued for cash 160, 000 shares of no- par common stock at $8. On February 14, Zentric issued at par value 45, 000 shares of preferred 2% stock, $50 par for cash. On August 30, Zentric issued for cash 10,000 shares of preferred 2% stock, $50 par at $56. Journalize the entries to record the January 22, February 14, and August 30 transactions.
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