Monty Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $103,000.

(a)		Prepare the journal entry for the issuance when the market price of the common shares is $164 each and market price of the preferred is $205 each.
(b)		Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $176 per share.

No.	Account Titles and Explanation	Debit	Credit
(a)	enter an account title for case A	enter a debit amount	enter a credit amount
	enter an account title for case A	enter a debit amount	enter a credit amount
	enter an account title for case A	enter a debit amount	enter a credit amount
	enter an account title for case A	enter a debit amount	enter a credit amount
	enter an account title for case A	enter a debit amount	enter a credit amount
(b)	enter an account title for case B	enter a debit amount	enter a credit amount
	enter an account title for case B	enter a debit amount	enter a credit amount
	enter an account title for case B	enter a debit amount	enter a credit amount
	enter an account title for case B	enter a debit amount	enter a credit amount
	enter an account title for case B	enter a debit amount	enter a credit amount