Problem 11-1A (Part Level Submission) Blue Soruce Corp. was organized on January 1, 2017. It is authorized to issue 20,700 shares of 5%, $51 par value preferred stock and 473,000 shares of no-par common stock with a stated value of $3 per share. The followinee transactions were completed during the first year. CALCULATOR PRINTER VERAON Jan, 10 Issued 66,100 shares of common stock for cash at $5 per share. Issued 1,175 shares of preferred stock for cash at $56 per share. Issued 121,500 shares of common stock for cash at $5 per share. Issued 6,300 shares of cormmon stock for cash at $9 per share. Mar. May 1 Sept. 1 Nov. Issued 4,300 shares of preferred stock for cash at $58 per share. v (a) Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is regu select "No Entry" for the account titles and enter 0 for the amounts.)
Problem 11-1A (Part Level Submission) Blue Soruce Corp. was organized on January 1, 2017. It is authorized to issue 20,700 shares of 5%, $51 par value preferred stock and 473,000 shares of no-par common stock with a stated value of $3 per share. The followinee transactions were completed during the first year. CALCULATOR PRINTER VERAON Jan, 10 Issued 66,100 shares of common stock for cash at $5 per share. Issued 1,175 shares of preferred stock for cash at $56 per share. Issued 121,500 shares of common stock for cash at $5 per share. Issued 6,300 shares of cormmon stock for cash at $9 per share. Mar. May 1 Sept. 1 Nov. Issued 4,300 shares of preferred stock for cash at $58 per share. v (a) Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is regu select "No Entry" for the account titles and enter 0 for the amounts.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Problem 11-1A (Part Level Submission)
Blue Soruce Corp. was organized on January 1, 2017. It is authorized to issue 20,700 shares of 5%, $51 par value preferred stock and 473,000 shares of no-par common stock with a stated value of $3 per share. The followinee
transactions were completed during the first year.
CALCULATOR
PRINTER VERAON
Jan, 10 Issued 66,100 shares of common stock for cash at $5 per share.
Issued 1,175 shares of preferred stock for cash at $56 per share.
Issued 121,500 shares of common stock for cash at $5 per share.
Issued 6,300 shares of cormmon stock for cash at $9 per share.
Mar.
May
1
Sept. 1
Nov.
Issued 4,300 shares of preferred stock for cash at $58 per share.
v (a)
Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is regu
select "No Entry" for the account titles and enter 0 for the amounts.)
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