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On April 1, 10,000 shares of $5 par common stock were issued at $24, and on April 7, 4,000 shares of $60 par preferred stock

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On April 1, 10,000 shares of $5 par common stock were issued at $24, and on April 7, 4,000 shares of $60 par preferred stock were issued at $106. Required: Joumalize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of account titles. Journalize the entries for April 1 and 7. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDIT 1 2 3 4 5

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