PRINTER VERSION NEXT CALOULATORS sULL SOREM BACK Culver Corporation recently hired a new accountant with extensive experience in wing ertries for the corporaton's capital stock had learned earler about corporation accounting. During the first month, he made the or partnerships, Decause of the pressure of the new job, the eccountant was unable te revew whatr he 100,100 May 2 Cash 100,100 Capital Stock (Issued 7,700 shares of $10 par value common stock at $13 per share) 583,000 10 Cash 583,000 Capital Stock (ssued 11,000 shares of$18 par value preferred stock at $53 per share) 7,300 15 Captal Stock 7,300 Cesh (Purchased 730 shares of common stock for the treasury at $10 per share) On the basis of the explenation for each entry, preoare the entries that should have been made for the captal sock transactons. (Record jornal entries in the order presented in the eroblem, Credit eccout titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debi Credt Account Tales and Explanation Date 2000-2019 Juhn WiySuns, Ins, All Rights Resered. A Division of 2phn Wiay Sons, Inc Version 4.4. 155 a ULL SCREEN CALCULATOR PRINTER VERSON BACK During its first year af operations, Martinez Corp, had these transactions pertaining to ts common stock Jan. 10 1ssued 25.800 shares for cash at $6 per share. Issued 54,000 shares for cash at $8 per share. July 1 (a) Journalze the transactions, assuming that the common stock has a par value of $6 per share. (b) Journalize the transactions, aspuming that the common stock is no par with a stated value of $3 per share, (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If mo entry is required, select "No Entry" for the account itles and enter 0 for the amounts.) No. Date Accoust Titles and Explanation Debit Credit (a) (b) cr Polcy e 2000-2019 ohn wey&ne IneAll inheResenved aDieine of nhwite& te
