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On January 22 , Limerick Corporation issued for cash 30,000 shares of no-par common stock at $20. On February 14 , Limerick issued at par
On January 22 , Limerick Corporation issued for cash 30,000 shares of no-par common stock at $20. On February 14 , Limerick issued at par value 3,000 shares of preferred 6% stock, $50 par for cash. On August 30, Limerick issued for cash 32,000 shares of preferred 6% stock, $50 par at $54. 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. On January 22 , Limerick Corporation issued for cash 30,000 shares of no-par common stock at $20. On February 14 , Limerick issued at par value 3,000 shares of preferred 6% stock, $50 par for cash. On August 30, Limerick issued for cash 32,000 shares of preferred 6% stock, $50 par at $54. 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. Cash Common Stock Paid-In Capital in Excess of Par-Common Stock Paid-In Capital in Excess of Par-Preferred Stock Retained Earnings
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