Vaughn Company had the following transactions.\ Issued 4,600 shares of common stock with a stated value of

$10

for

$131,000

.\ Issued 2,200 shares of

$100

par preferred stock at

$110

for cash.\ Prepare the journal entries to record the above stock transactions. (List all debit entries befor automatically indented when the amount is entered. Do not indent manually.)

Vaughn Company had the following transactions. 1. Issued 4,600 shares of common stock with a stated value of $10 for $131,000. 2. Issued 2,200 shares of $100 par preferred stock at $110 for cash. Prepare the journal entries to record the above stock transactions. (List all debit entries befor automatically indented when the amount is entered. Do not indent manually.) Vaughn Company had the following transactions. 1. Issued 4,600 shares of common stock with a stated value of $10 for $131,000. 2. Issued 2,200 shares of $100 par preferred stock at $110 for cash. Prepare the journal entries to record the above stock transactions. (List all debit entries befor automatically indented when the amount is entered. Do not indent manually.)