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Entries for Issuing Stock On January 22, Limerick Corporation issued for cash 16,000 shares of no-par common stock at $15. On February 14, Limerick issued

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Entries for Issuing Stock On January 22, Limerick Corporation issued for cash 16,000 shares of no-par common stock at $15. On February 14, Limerick issued at par value 7,000 shares of preferred 7% stock, $60 par for cash. On August 30, Limerick issued for cash 26,000 shares of preferred 7% stock, $60 par at $66. 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

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