$($c$)$

Your answer is partially correct.

Assume that Cookie & Coffee Creations Inc. issues $840$$$0\mathrm{.}50$ noncumulative preferred shares to Curtis's dad and the same number to Natalie's grandmother, in both cases for $$4,200.$ Also assume that Cookie &$.$ Coffee Creations Inc issues $630$ common shares to its lawyer.

Prepare the journal entries for each of these transactions. They all occurred on November $1.($Listall debit entries before credit entries. Creditaccount tides are automatically indented when omount is entered. Do not indent manually$)$

Date Account Titles and Explanation

Nov, $1$

Cash $$

Preferred Stock

$($To record issue of preferred stock$)$

Nov. $1$

$$

$($To record issue of common shares to lavyer$)$

Debit

Credit

$8,400$

$$

$$

$$

$$

minting

$$

$$