Coastal corporation issued 25,000 shares of six dollar par value common stock at $18 per share and 6000 shares of $50 par value 8% preferred and $79 per share

freasury Stock Coastal Corporation issued 25,000 shares of 35 par value common stock at $18 per share and 6 , 000 shares of $50 par value, eight percent preferred stock at 579 per stare. tater, the company purctiosed 3,500 thates of is own comntan stock at $21 per share. a. Prepare the journal entries to record the Orare insuances and the porctuse of the common shacesi 6. Assume that Coastal sold 2000 shares of the treasury stock at $27 per shate. Prepare the general joumat entry to record the saie of this treasury steck. C Assume that Coastal sold the remaining 1,000 shares of treasury stack at 520 per share. Frepare the jourral entry to record the sale of this treasury a tock