Entries for Issuing Stock

On January 22, Muir Corporation issued for cash 13,000 shares of no-par common stock at $40. On February 14, Muir issued at par 2,000 shares of 8%, $75 par preferred stock for cash. On August 30, Muir Corporation issued for cash 31,000 shares of preferred 8% stock, $75 par at $83.

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