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On January 22, Ireland Corporation issued for cash 20,000 shares of no-par common stock at $25. On February 14, Ireland issued at par 1,000 shares
On January 22, Ireland Corporation issued for cash 20,000 shares of no-par common stock at $25. On February 14, Ireland issued at par 1,000 shares of 4%, $60 par preferred stock for cash. On August 30, Ireland Corporation issued for cash 21,000 shares of preferred 4% stock, $60 par at $64. 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.
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