On January 22, Limerick Corporation issued for cash 12,000 shares of no par common stock at $45 On February 14, Limerick issued at par value 3,000 shares of preferred 4 stock, $50 par for cash On August 30, Limerick Corporation issued for cash 30,000 shares of preferred 4 stock, $50 par at $56 Journalize the entries to record the January 22, February 14, and August 30 transactions If an amount box does not require an entry, leave it blank Jan 22 CashCommon StockPaid In Capital in Excess of Par Preferred StockPreferred StockRetained Earnings Select Select CashCommon StockPaid In Capital in Excess of Par Preferred StockPreferred StockRetained Earnings Select Select Feb 14 CashCommon StockPaid In Capital in Excess of Par Preferred StockPreferred StockRetained Earnings Select Select CashCommon StockPaid In Capital in Excess of Par Preferred StockPreferred StockRetained Earnings Select Select Aug 30 Accounts ReceivableCashPaid In Capital in Excess of Par Preferred StockPreferred StockRetained Earnings Select Select CashPaid in Capital in Excess of Par Common StockPaid In Capital in Excess of Stated ValuePreferred StockRetained Earnings Select Select Accounts PayableCashPaid In Capital in Excess of Par Preferred StockPaid In Capital in Excess of Stated ValueRetained Earnings Select Select

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Posted on Sep 02, 2024

On January 22, Limerick Corporation issued for cash 12,000 shares of no-par common stock at $45. On February 14, Limerick issued at par value 3,000

On January 22, Limerick Corporation issued for cash 12,000 shares of no-par common stock at $45. On February 14, Limerick issued at par value 3,000 shares of preferred 4% stock, $50 par for cash. On August 30, Limerick Corporation issued for cash 30,000 shares of preferred 4% stock, $50 par at $56.

Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank.

Jan. 22	CashCommon StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained Earnings	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained Earnings	- Select -	- Select -
Feb. 14	CashCommon StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained Earnings	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained Earnings	- Select -	- Select -
Aug. 30	Accounts ReceivableCashPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained Earnings	- Select -	- Select -
	CashPaid-in Capital in Excess of Par-Common StockPaid-In Capital in Excess of Stated ValuePreferred StockRetained Earnings	- Select -	- Select -
	Accounts PayableCashPaid-In Capital in Excess of Par-Preferred StockPaid-In Capital in Excess of Stated ValueRetained Earnings	- Select -	- Select -