Entries for Issuing Shares of ownership of a corporation.Stock

On January 22, Muir Corporation issued for cash 20,000 shares of no-par The stock outstanding when a corporation has issued only one class of stock.common stock at $15. On February 14, Muir issued at The monetary amount printed on a stock certificate.par 3,000 shares of 5%, $80 par A class of stock with preferential rights over common stock.preferred stock for cash. On August 30, Muir Corporation issued for cash 33,000 shares of preferred 5% stock, $80 par at $87.

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.

• Jan. 22Accounts Receivable

Feb 14th

Aug. 30