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Entries for Issuing Stock On January 22, Erin Corporation issued for cash 12,000 shares of no-par common stock at $40. On February 14, Erin issued

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Entries for Issuing Stock On January 22, Erin Corporation issued for cash 12,000 shares of no-par common stock at $40. On February 14, Erin issued ot par valse 5,000 shares of preferred 6% stock, $75 par for cash. On August 30, Erin issued for cash 32,000 shares of preferred 6 stock, 675 par at $83. Joumalize 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 Cash Common Stock Feb. 14 Cash Preferred Stock II II | II III Aug 30 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock

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