On May 10 a company issued for cash 1200 shares of no par common stock (with stated value of four dollars) at $18 on May 15 what issue for cash 6000 shares of $17 par preferred stock at $62

Instructions On May 10, a company issued for cash 1,200 shares of no-par common stock (with a stated value of $4) at $18, and on May 15, it issued for cash 6,000 shares of $17 par preferred stock at $62 Required: Joumalize the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value. Refer to the Chart of Accounts for exact wording of account titles instructions General Journal Or sto PAGE 1 JOURNAL DATE DESCRIPTION POST. REF DEBIT CREDIT 1 2 3