Entries for Issuing Stock

On May 10, Century Realty Inc. issued for cash 90,000 shares of no-par common stock (with a stated value of $30) at $42. On September 3, Century Realty Inc. issued at par value 36,000 shares of preferred 1% stock, $25 par for cash. On December 1, Century Realty Inc. issued for cash 14,000 shares of preferred 1% stock, $25 par at $33.

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Journalize the entries to record the May 10, September 3, and December 1 transactions.

For a compound transaction, if an amount box does not require an entry, leave it blank.

May 10
Sept. 3
Dec. 1