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Question 4 of 18 < View Policies Current Attempt in Progress Cullumber Corporation issued 368 shares of $10 par value ordinary shares and 123
Question 4 of 18 < View Policies Current Attempt in Progress Cullumber Corporation issued 368 shares of $10 par value ordinary shares and 123 shares of $50 par value preference shares for a lump sum of $16,587. The ordinary shares have a market price of $20 per share, and the preference shares have a market price of $90 per share. I Prepare the journal entry to record the issuance. (Round intermediate calculations to 6 decimal places, eg. 0.546872 and final answers to 0 decimal places, eg., 1,520. 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 O for the amounts) Account Titles and Explanation Debit Credit
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