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Wingra Corporation was organized in March. It is authorized to issue 5 0 0 , 0 0 0 shares of $ 1 0 0 par
Wingra Corporation was organized in March. It is authorized to issue shares of $ par
value preferred stock. It is also authorized to issue shares of $ par value common stock. In its first
year, the corporation has the following transactions:
Mar. Issued shares of preferred stock at $ per share
Mar. Issued shares of common stock at $ per share
Apr. Issued shares of common stock for equipment valued at $ The stock is currently
trading at $ per share, and is a more reliable indicator of the value of the equipment.
Jun. Issued shares of common stock at $ per share
Aug. Issued shares of preferred stock at $ per share
Journalize the transactions. Skip a line between each entry.
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