MIDTERM EXAM - Chapters 12-15 1. On May 10, a company issued for cash 1,600 shares of no-par common stock (with a stated value of $3) at $14, and on May 15, it issued for cash 3,000 shares of $16 par preferred stock at $58. 2. Journalize the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank. 3. 4. May 10 Cash Common Stock 5. Paid-In Capital in Excess of Stated Value-Common Stock 6. May 15 Paid-In Capital in Excess of Par-Preferred Stock Retained Earnings 7. . Treasury Stock 8. 9. 10. 11. 12. ..... 13. 14. 15. 16. 17. Previous Next > Progress: 17/20 items Time Remaining: 1:45:03 Saving... Email Instructor Submit Test for Grading