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Obj. 2 On January 2 2 , Zentric Corporation issued for cash 1 6 0 , 0 0 0 shares of no - par common

Obj. 2 On January 22, Zentric Corporation issued for cash 160,000 shares of no-par common stock at $8. On February 14, Zentric issued at par value 45,000 shares of preferred 2% stock, $50 par for cash. On August 30, Zentric issued for cash 10,000 shares of preferred 2% stock, $50 par at $56.Journalize the entries to record the January 22, February 14, and August 30 transactions.

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