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Entries for Issuing Stock On January 22, Erin Corporation issued for cash 20,000 shares of no-par common stock at $25. On February 14, Erin issued
Entries for Issuing Stock On January 22, Erin Corporation issued for cash 20,000 shares of no-par common stock at $25. On February 14, Erin issued at par value 1,000 shares of preferred 3% stock, $80 par for cash. On August 30, Erin issued for cash 22,000 shares of preferred 3% stock, $80 par at $90. 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 Feb. 14 > Aug. 30
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