Entries for Issuing Stock

On January 22, Limerick Corporation issued for cash 13,000 shares of no-par common stock at $15. On February 14, Limerick issued at par 8,000 shares of 4%, $60 par preferred stock for cash. On August 30, Limerick Corporation issued for cash 16,000 shares of preferred 4% stock, $60 par at $65.

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.