Entries for Issuing Stock

On January 22, Shamrock Corporation issued for cash 29,000 shares of no-par common stock at $40. On February 14, Shamrock issued at par10,000 shares of 7%, $100 par preferred stock for cash. On August 30, Shamrock Corporation issued for cash 24,000 shares of preferred 7% stock, $100 par at $111.

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