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Posted on Oct 01, 2024

On February 1 , Sunland Corporation issued 5 , 4 0 0 shares of its $ 2 0 par value preferred stock for $ 2

On February

1,

Sunland Corporation issued

5, 400

shares of its $

20

par value preferred stock for $

26

per share.

Journalize the transaction.

(

List all debit entries before credit entries. Credit account titles are automatically indented when the amount is

entered. Do not indent manually.

)

Date Account Titles and Explanation

Debit

Credit

Feb.

1

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