Question
West Company had the following transactions. 1. Issued 5,000 shares of common stock with a stated value of $9 for $120,000. 2. Issued 3,000 shares
West Company had the following transactions.
1. Issued 5,000 shares of common stock with a stated value of $9 for $120,000.
2. Issued 3,000 shares of $80 par preferred stock at $90 for cash. Instructions
Prepare the journal entries to record the above stock transactions.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Weygandt Kimmel Kieso
10th Edition
0470646462, 978-0470646465
