Entries for Issuing Stock

On January $22,$ Limerick Corporation issued for cash $30,000$ shares of no$-$par common stock at $$15.$ On February $14,$ Limerick issued at par value $8,000$ shares of preferred $6\%.$ stock, $$60$ par for cash. On August $30,$ Limerick issued for cash $17,000$ shares of preferred $6\%$ stock, $$60$ par at $$65.$

Journalize the entries to record the January $22,$ February $14,$ and August $30$ transactions. If an amount box does not require an entry, leave it blank.

Jan. $22$

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Feb. $14$

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Aug. $30$

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