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Based on the following information from Castle Keys Corporation, prepare the appropriate journal entries. April 10 Incurred organization costs totaling $4,200. 12 Issued 9,000 shares
Based on the following information from Castle Keys Corporation, prepare the appropriate journal entries.
April 10 Incurred organization costs totaling $4,200.
12 Issued 9,000 shares of $10-par common stock for $110,000.
25 Issued 3,500 shares of 7%, $30-par preferred stock for $115,000.
30 Issued 6,000 shares of $10-par common stock for $65,000
May 15 Issued 3,000 shares of 7%, $30-pare preferred stock for equipment with a fair market value of $93,000.
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