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Share Issuances for Cash Finlay, Inc. issued 10,000 shares of $51 par value preferred stock at $69 per share and 14,000 shares of no-par value

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Share Issuances for Cash Finlay, Inc. issued 10,000 shares of $51 par value preferred stock at $69 per share and 14,000 shares of no-par value common stock at $10 per share. The common stock has no stated value. All issuances were for cash a. Prepare the journal entries to record the share issuances, b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $5 per share. c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of 51 per share Ret General Journal Description Debit Credit Preferred Stock Issued 10.000 shares of preferred stock + Issued 14.000 shares of no-par le common stock b Commons Issued 10.000 shares of no-par common stock stated value of Sat $10 per share Common Stock . Issued 14.000 shares of 51 parte common stock, at 10 per share Share Issuances for Cash Finlay, Inc. issued 10,000 shares of $51 par value preferred stock at $69 per share and 14,000 shares of no-par value common stock at $10 per share. The common stock has no stated value. All issuances were for cash a. Prepare the journal entries to record the share issuances, b. Prepare the journal entry for the issuance of the common stock assuming that it had a stated value of $5 per share. c. Prepare the journal entry for the issuance of the common stock assuming that it had a par value of 51 per share Ret General Journal Description Debit Credit Preferred Stock Issued 10.000 shares of preferred stock + Issued 14.000 shares of no-par le common stock b Commons Issued 10.000 shares of no-par common stock stated value of Sat $10 per share Common Stock . Issued 14.000 shares of 51 parte common stock, at 10 per share

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