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Help please Brief Exercise 15-4 Kingbird Corporation issued 332 shares of $10 par value common stock and 113 shares of $50 par value preferred stock
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Brief Exercise 15-4 Kingbird Corporation issued 332 shares of $10 par value common stock and 113 shares of $50 par value preferred stock for a lump sum of $16,146. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance. (Round intermediate calculations to 6 decimal places, e.g. 0.546872 and final answers to O decimal places, e-gy 1,520. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Step by Step Solution
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