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Henlay, inc, issued 10.000 stures of $10 par value preferred stock at $24 per thare and 8,000 shares of no par value commen stock at

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Henlay, inc, issued 10.000 stures of $10 par value preferred stock at $24 per thare and 8,000 shares of no par value commen stock at 38 per share. The commen sock has no stated value. Wl. istiancas were for cash. a. Prepare the joumal eneries to record the share insuances b. Prepare the jeurmal entry for the issuance of the common stock assuming that it had a slated value of 55 per share. c. Prepare the journat entry for the wsuance of the common stock assuanine that it had a nar uhtue of $1 per share

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