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Entries for Issuing Stock On January 22, Limerick Corporation issued for cash 25,000 shares of no-par common stock at $25. On February 14, Limerick issued
Entries for Issuing Stock
On January 22, Limerick Corporation issued for cash 25,000 shares of no-par common stock at $25. On February 14, Limerick issued at par value 2,000 shares of preferred 7% stock, $80 par for cash. On August 30, Limerick Corporation issued for cash 24,000 shares of preferred 7% stock, $80 par at $85.
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 | fill in the blank 2 | fill in the blank 3 | |
fill in the blank 5 | fill in the blank 6 | ||
Feb. 14 | fill in the blank 8 | fill in the blank 9 | |
fill in the blank 11 | fill in the blank 12 | ||
Aug. 30 | fill in the blank 14 | fill in the blank 15 | |
fill in the blank 17 | fill in the blank 18 | ||
fill in the blank 20 | fill in the blank 21 |
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