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1) ABC Corporation issued 10,000 shares of $1 pacommon stock for $3 per share. Date Account Debit 2) ABC Corporation issued 1,000 shares of $50

1) ABC Corporation issued 10,000 shares of $1 pacommon stock for $3 per share. Date Account Debit 2) ABC Corporation issued 1,000 shares of $50 par, 2% preferred stock for $65,000. Date Account Debit Credit Credit 3) ABC Corporation issued 1,000 shares of $1 par common stock in exchange for property with a fair value of $50,000. Date Account Debit Credit

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