Entries for Issuing Stock

On January 22, Muir Corporation issued for cash 24,000 shares of no-par common stock at $30. On February 14, Muir issued at par 5,000 shares of 3%, $60 par preferred stock for cash. On August 30, Muir Corporation issued for cash 20,000 shares of preferred 3% stock, $60 par at $64.

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