Entries for Issuing Stock On January 22, Limerick Corporation issued for cash 12,000 shares of no par common stock at $50 On February 14, Limerick issued at par value 1,000 shares of preferred 6 stock, $100 par for cash On August 30, Limerick issued for cash 12,000 shares of preferred 6 stock, $100 par at $113 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 Accounts ReceivableCashCommon StockPaid In Capital in Excess of Par Preferred StockPreferred StockRetained Earnings Select Select CashCommon StockPaid In Capital in Excess of Par Preferred StockPaid In Capital in Excess of Stated ValuePreferred StockRetained Earnings Select Select Feb 14 Accounts ReceivableCashCommon StockPaid In Capital in Excess of Par Common StockPreferred StockRetained Earnings Select Select CashCommon StockPaid In Capital in Excess of Par Common StockPaid In Capital in Excess of Par Preferred StockPreferred StockRetained Earnings Select Select Aug 30 Accounts ReceivableCashCommon StockPaid In Capital in Excess of Par Common StockPreferred StockRetained Earnings Select Select CashCommon StockPaid In Capital in Excess of Par Common StockRetained EarningsPreferred Stock Select Select CashCommon StockPaid In Capital in Excess of Par Common StockPaid In Capital in Excess of Par Preferred StockRetained Earnings Select Select

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Posted on Jul 15, 2024

Entries for Issuing Stock On January 22, Limerick Corporation issued for cash 12,000 shares of no-par common stock at $50. On February 14, Limerick issued

Entries for Issuing Stock

On January 22, Limerick Corporation issued for cash 12,000 shares of no-par common stock at $50. On February 14, Limerick issued at par value 1,000 shares of preferred 6% stock, $100 par for cash. On August 30, Limerick issued for cash 12,000 shares of preferred 6% stock, $100 par at $113.

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	Accounts ReceivableCashCommon StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained Earnings	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Preferred StockPaid-In Capital in Excess of Stated ValuePreferred StockRetained Earnings	- Select -	- Select -
Feb. 14	Accounts ReceivableCashCommon StockPaid-In Capital in Excess of Par-Common StockPreferred StockRetained Earnings	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained Earnings	- Select -	- Select -
Aug. 30	Accounts ReceivableCashCommon StockPaid-In Capital in Excess of Par-Common StockPreferred StockRetained Earnings	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Common StockRetained EarningsPreferred Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockRetained Earnings	- Select -	- Select -