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On January 22, Erin Corporation issued for cash 32,000 shares of no-par common stock at $30. On February 14, Erin issued at par 10,000 shares
On January 22, Erin Corporation issued for cash 32,000 shares of no-par common stock at $30. On February 14, Erin issued at par 10,000 shares of 3%, $100 par preferred stock for cash. On August 30, Erin Corporation issued for cash 16,000 shares of preferred 3% stock, $100 par at $112.
Journalize the entries to record the January 22, February 14, and August 30 transactions. For a compound transaction, if an amount box does not require an entry, leave it blank.
Jan. 22 | |||
Feb. 14 | |||
Aug. 30 | |||
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