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IA-10 11A-5. (Similar to problem 11A-1 and 11A-2 combined) Prepare the T- account entries for the following stock transactions of the ALEXANDER Corporation April 18

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IA-10 11A-5. (Similar to problem 11A-1 and 11A-2 combined) Prepare the T- account entries for the following stock transactions of the ALEXANDER Corporation April 18 May 8 Issued 8000 shares of no par preferred stock for $14 per share. Issued 900 shares of $5 par preferred stock for $17 per share. July 16 Issued 800 shares of $4 par common stock for $12 per share July 27 Issued 2500 shares of $10 par common stock in return for a patent with a fair market value of $78,000. August 3 Issued 1000 shares of S2 par common stock for $68 per share. The down payment is $52 per share with the reminder to be paid in three months Nov 3 Investor pays remainder of amount owed on the August 3 stock purchase

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