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On January 22, Shamrock Corporation issued for cash 13,000 shares of no-par common stock at $20. On February 14, Shamrock issued at par value 5,000
On January 22, Shamrock Corporation issued for cash 13,000 shares of no-par common stock at $20. On February 14, Shamrock issued at par value 5,000 shares of preferred 4% stock, $100 par for cash. On August 30, Shamrock Corporation issued for cash 31,000 shares of preferred 4% stock, $100 par at $107.
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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