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Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 20,000 shares of no-par common stock at $30. On February 14, Shamrock issued
Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 20,000 shares of no-par common stock at $30. On February 14, Shamrock issued at par 2,000 shares of 7%, $80 par preferred stock for cash. On August 30, Shamrock Corporation issued for cash 13,000 shares of preferred 7% stock, $80 par at $86. 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. Cash v Jan. 22 Common Stock v Cash Feb. 14 Preferred Stock v Cash v Aug. 30 Preferred Stock v Paid-In Capital in Excess of Par-Preferred Stock v
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