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Nash Corporation issued 341 shares of $10 par value ordinary shares and 145 shares of $50 par value preference shares for alump sum of $19,188.
Nash Corporation issued 341 shares of $10 par value ordinary shares and 145 shares of $50 par value preference shares for alump sum of $19,188. The ordinary shares have a market price of $20 per share, and the preference shares have a market price of $100 per share. Prepare the journal entry to record the issuance. (Round intermediate calculations to 6 decimal places, es. 0.546872 and final answers to decimal places, eg, 1,520. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.)
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