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Entries for Issuing Stock On January 22, Limerick Corporation issued for cash 30,000 shares of no-par common stock at $25. On February 14, Limerick issued

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Entries for Issuing Stock On January 22, Limerick Corporation issued for cash 30,000 shares of no-par common stock at $25. On February 14, Limerick issued at par 4,000 shares of 7%, $60 par preferred stock for cash. On August 30, Limerick Corporation issued for cash 21,000 shares of preferred 7% stock, $60 par at $66. 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

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