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Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 31,000 shares of no-par common stock at $15. on February 14, Shamrock issued
Entries for Issuing Stock On January 22, Shamrock Corporation issued for cash 31,000 shares of no-par common stock at $15. on February 14, Shamrock issued at per valut 7,000 shares of preferred 5% stock, $75 par for cash. On August 30, Shamrock issued for cash 15,000 shares of preferred 5% stock, 375 per at $79. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount bow does not require an entry, leave it blank 3an, 22 Cash Common Stock Feb. 14 Casa Preferred Stock Aug 30 Cash Preferred Stock Pald-in Capital in Excess of Par Preferred Stock Feedback Check My Work Recall that a separate account is used for recording the amount of each class of stock issued to investors in a corporation. Recall the definition of legal capital and what affect that has on recording the sale of stock
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