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Assume that Cookie & Coffee Creations Inc. issues 1.000 $6 cumulative preferred shares to Curtis' Dad and the same number to Natalie's grandmother, in both
Assume that Cookie & Coffee Creations Inc. issues 1.000 $6 cumulative preferred shares to Curtis' Dad and the same number to Natalie's grandmother, in both cases for $5,000. Prepare the journal entry required for this transaction that also occurred on November 1. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries)
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