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Brief Exercise 15-4 Monty Corporation issued 337 shares of $10 par value common stock and 131 shares of $50 par value preferred stock for a
Brief Exercise 15-4 Monty Corporation issued 337 shares of $10 par value common stock and 131 shares of $50 par value preferred stock for a lump sum of $17,856. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance. (Round intermediate calculations to 6 decimal places, e.g. 0.546872 and final answers to O decimal places, e.g., 1,520 Credit account titles are automatically indented when amount s entered. Do not indent r anualllf no entr is required Select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Cares lii
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