Question
On July 1, 2019, Parkside, Inc. issues 20,000 shares of $10 par value preferred stock at $100 cash per share and 10,000 shares of $2
On July 1, 2019, Parkside, Inc. issues 20,000 shares of $10 par value preferred stock at $100 cash per share and 10,000 shares of $2 par value common stock at $50 cash per share.
On July 7, 2019, the company purchased 2,000 of their common stock shares for $50 a share.
What are the journal entries to record these transactions?
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College Accounting, Chapters 1- 15
Authors: James A. Heintz, Robert W. Parry
23rd Edition
0357391942, 9780357391945
