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Entries for Issuing Stock On January 22, Erin Corporation issued for cash 25,000 shares of no-par common stock at $15. On February 14, Erin issued
Entries for Issuing Stock On January 22, Erin Corporation issued for cash 25,000 shares of no-par common stock at $15. On February 14, Erin issued at par value 8,000 shares of preferred 7% stock, $60 par for cash. On August 30, Erin issued for cash 26,000 shares of preferred 7% stock, $60 par at $66. 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 Cash Common Stock Feb. 14 Cash Preferred Stock 010 II III III II 001 Aug. 30 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock
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