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Jash Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of
Jash Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of 102,000 . a. Prepare the journal entry for the issuance when the market price of the common shares is $174 each and market price of th preferred is $218 each. b. Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $174 per shat List all debit entries before credit entries. Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 1,225. Credi ccount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for t ccount titles and enter 0 for the amounts.)
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