Stonehurst Corporation is authorized to issue 100,000 shares of $5 stated value common stock and 2,000 shares of $100 par value, 6 percent preferred stock Prepare entries in journal form without explanations to record the following transactions July 15 Issued 1,000 shares of common stock to an attorney for a bill of $7,000 in connection with the organization of the corporation Issued 2,000 shares of preferred stock for cash of $120 per share 27 Issued 10,000 shares of common stock in exchange for land for a plant site valued at $75,000 Issued 5,000 shares of common stock for $35,000 in cash Aug 1 Stonehurst Corporation is authorized to issue 100,000 shares of $5 stated value common stock and 2,000 shares of $100 par value, 6 percent preferred stock Prepare entries in journal form without explanations to record the following transactions July 15 Issued 1,000 shares of common stock to an attorney for a bill of $7,000 in connection with the organization of the corporation 25 Issued 2,000 shares of preferred stock for cash of $120 per share 27 Issued 10,000 shares of common stock in exchange for land for a plant site valued at $75,000 Aug 1 Issued 5,000 shares of common stock for $35,000 in cash

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Stonehurst Corporation is authorized to issue 100,000 shares of $5 stated value common stock and 2,000 shares of $100 par value, 6 percent preferred stock.

Stonehurst Corporation is authorized to issue 100,000 shares of $5 stated value common stock and 2,000 shares of $100 par value, 6 percent preferred stock. Prepare entries in journal form without explanations to record the following transactions: July 15 Issued 1,000 shares of common stock to an attorney for a bill of $7,000 in connection with the organization of the corporation. Issued 2,000 shares of preferred stock for cash of $120 per share. 27 Issued 10,000 shares of common stock in exchange for land for a plant site valued at $75,000. Issued 5,000 shares of common stock for $35,000 in cash. Aug. 1

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Stonehurst Corporation is authorized to issue 100,000 shares of $5 stated value common stock and 2,000 shares of $100 par value, 6 percent preferred stock. Prepare entries in journal form without explanations to record the following transactions: July 15 Issued 1,000 shares of common stock to an attorney for a bill of $7,000 in connection with the organization of the corporation. 25 Issued 2,000 shares of preferred stock for cash of $120 per share. 27 Issued 10,000 shares of common stock in exchange for land for a plant site valued at $75,000. Aug. 1 Issued 5,000 shares of common stock for $35,000 in cash