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1)

Adventure Outhitters issues 2900 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming the issue price is $12 per share, record the issuance of common stock. (If no entry is required for a particulor transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Equinox Outdoor Wear issues 1.000 shares of its $0.01 par value preferred stock for cash at $30 per share Recoid the issuance of the preferred shares. (If no entry is required for a particular tronsoction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the Issuance of preferred stock. Note: Enter debits befere credits