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Entries for Issuing Stock On January 22, Muir Corporation issued for cash 27,000 shares of no-par common stock at $45. On February 14, Muir issued
Entries for Issuing Stock On January 22, Muir Corporation issued for cash 27,000 shares of no-par common stock at $45. On February 14, Muir issued at par 9,000 shares of 8%, $100 par preferred stock for cash. On August 30, Muir Corporation issued for cash 28,000 shares of preferred 8% stock, $100 par at $109. 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
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