=+EX 13-2 Dividends per share obj. 3

✔ Preferred stock, 1st year: $0.15 On February 10, Peerless Rocks Inc., a marble contractor, issued for cash 40,000 shares of $10 par common stock at $34, and on May 9, it issued for cash 100,000 shares of $5 par preferred stock at $7.

a. Journalize the entries for February 10 and May 9.