on may 10 a company issued for cash 1600 shares of no par common stock with a stated value of $3 at $13 and on may 15 it issues for cash 2100 shares of $14 par preferred stock at $56

QUESTION 27 On May 10 a company issued for cash 1,600 shares of no par common stock (with a stated value of 53) at S13, and on May 15, it issued for cash 2,100 shares of 514 par preferred stock at $56. Required: Joumalize the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value T T T Arial 3(12pt) - T . Words