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7 8 On January 22, Limerick Corporation issued for cash 16,000 shares of no par common stock at $30. On February 14, Limerick issues at
7 8 On January 22, Limerick Corporation issued for cash 16,000 shares of no par common stock at $30. On February 14, Limerick issues at par value 4,000 shares of 7% stock, $100 par value for cash. On August 30, Limerick Issued for cash 22,000 shares of preferred 7% stock, $100 par at $108. Journalize the entries to record the January 22, February 14, and August 30 transaction. If an amount box does not require and entry, leave it blank Date Account Debit Credit 22 Jan 9 10 11 12 13 14 IS 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 14-Feb 30-Aug
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