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Journalize the entries to record the following transactions for Mountain Realty Inc. Refer to the Chart of Accounts for exact wording of account titles Aug.
Journalize the entries to record the following transactions for Mountain Realty Inc. Refer to the Chart of Accounts for exact wording of account titles
Aug. 26 Issued for cash 95,000 shares of no-par common stock (with a stated value of $5) at $9.
Oct. 1 Issued at par value 39,000 shares of preferred 1% stock, $10 par for cash.
Nov. 30 Issued for cash 19,000 shares of preferred 1% stock, $10 par at $15 .
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