Entries for Issuing Stock

On January 22, Erin Corporation issued for cash 23,000 shares of no-par common stock at $30. On February 14, Erin issued at par 8,000 shares of 8%, $100 par preferred stock for cash. On August 30, Erin Corporation issued for cash 33,000 shares of preferred 8% stock, $100 par at $114.

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. 22
Feb. 14
Aug. 30