Question
On January 22, Muir Corporation issued for cash 29,000 shares of no-par common stock at $35. On February 14, Muir issued at par value 3,000
On January 22, Muir Corporation issued for cash 29,000 shares of no-par common stock at $35. On February 14, Muir issued at par value 3,000 shares of preferred 5% stock, $50 par for cash. On August 30, Muir issued for cash 16,000 shares of preferred 5% 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.
Jan. 22 Cash:
Common Stock:
Feb. 14 Cash:
Preferred Stock:
Aug. 30 Cash:
Preferred Stock:
Paid-In Capital in Excess of Par-Preferred Stock:
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