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Problem 15-4 Coronado Corporations charter authorized issuance of 102,000 shares of $10 par value common stock and 52,800 shares of $50 preferred stock. The following

Problem 15-4 Coronado Corporations charter authorized issuance of 102,000 shares of $10 par value common stock and 52,800 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $9,200, 9% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $113 a share. 2. Issued 450 shares of common stock for equipment. The equipment had been appraised at $6,900; the sellers book value was $6,400. The most recent market price of the common stock is $17 a share. 3. Issued 396 shares of common and 102 shares of preferred for a lump sum amounting to $10,300. The common had been selling at $15 and the preferred at $70. 4. Issued 210 shares of common and 49 shares of preferred for equipment. The common had a fair value of $17 per share; the equipment has a fair value of $7,100. Record the transactions listed above in journal entry form. (Round Round intermediate calculations to 6 decimal places, e.g. 0.546872 and final answers to 0 decimal places, e.g. $38,487. Credit account 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.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4.

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