Entries for Issuing Stock

On January 22, Limerick Corporation issued for cash 26,000 shares of no-par common stock at $35. On February 14, Limerick issued at par 9,000 shares of 3%, $50 par preferred stock for cash. On August 30, Limerick Corporation issued for cash 30,000 shares of preferred 3% stock, $50 par at $54.

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