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Ch 13-2 Practice Exercises 1. PE.13-01.ALGO 2. PE.13-02.ALGO 3. PE.13-03.ALGO Entries for issuing Stock On January 22, Erin Corporation issued for cash 19,000 shares of
Ch 13-2 Practice Exercises 1. PE.13-01.ALGO 2. PE.13-02.ALGO 3. PE.13-03.ALGO Entries for issuing Stock On January 22, Erin Corporation issued for cash 19,000 shares of no-par common stock at $30. On February 14, Erin issued at par 9,000 shares of 7%, $50 par preferred stock for cash. On August 30, Erin Corporation issued for cash 35,000 shares of preferred 7% stock, $50 par at $53. Journalize the entries to record the January 22, February 14, and August 30 transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. 4. PE.13-04.ALGO Jan, 22 5. PE.13-05. ALGO 6. PE.13-06.ALGO 7. PE.13-08.ALGO 8. PE.13-07.ALGO Feb. 14 Aug. 30
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