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Crane Corporation's charter authorized issuance of 103,000 shares of $10 par valuecommon stock and 47.400 shares of $50 preferred stock. The following transactions involving the
Crane Corporation's charter authorized issuance of 103,000 shares of $10 par valuecommon stock and 47.400 shares of $50 preferred stock. The following transactions involving the issuance of shares of stod were completed. Eachtransaction is independentof the others. Issued a $9.200.9% bond payable at pur and gave aa bonus one share of preferred stock which at that time was selling for $105 a share. Issued 540 shares of common stock for equipment. The equipment had been appraised at $4,800; the seller's book value was $6.000. The most recent market price of the common stock is $15 a share. Issued 360 shares of common and 110 shares of preferred for a lump sum amounting to $9.700. The common had been selling at $14 and the preferred at $61 Issued 190 shares of common and 45 shares of preferred for equipment. The common had a fair value of $16 per share; the equipment has a fair value of $6,200. 4. Record the transactions listed above in journal entry form. (Noumd Round indeymediate calculations to 6 decimul places, et 0546872 and final answers to decimal places $30.487.Cediteule a automatically indented when amount is entered. Do not inderit procesally. Ifraenty is requimd, led "No Entry for the count titles and enter for the mounts! No. Account Tides and Explanation Deblit Credit 22
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