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On May 23, Washburn Aleaity lnc. issuod for cash 45,000 shares of no-par common stock (with a stated value of $4 ) at $16. On

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On May 23, Washburn Aleaity lnc. issuod for cash 45,000 shares of no-par common stock (with a stated value of $4 ) at $16. On July 6, Washbum Realty Inc. issued at par value 12.000 shares of prelerred 1\% stock, $75 ear for cash. On September 15, Washbum Realty inc. issued for cash an addtionad 20,000 shates of no-par common stock twith a stated value of 54) 10r$22 Aequired: Joumative the entries to record the May 23 Jhy 6, and September is transactions. Aeler to the chart of accounts for the exact wording of the acoount bites. CNOW poumuls do not use ines for joumag expianations. Eveyy ine on a joumal page is used for debit or credit entries. CNOW joumais will aufomaccaby indent a credif entry when a credt amount is entered Joumalize the entries to record the May 23, July 6, and Seplember 15 transactions. Fiefor to the chart of accounts for the exact wording of the account tiles. CNOW journals do not use lines for joumal explanations. Every ine on a joumal page is used for debt or credit entries. CNow journals will automatically indent a credi enty when at credit amount is entered

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