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Wingre Corporation was organized in March. It is authorized to issue 550,000 shares of 5100 par value 6% 750,000 shares of $1 par value common
Wingre Corporation was organized in March. It is authorized to issue 550,000 shares of 5100 par value 6% 750,000 shares of $1 par value common stock, in its first year, the corporation has the following transoctions? Mar. 1 Issued 10,000 shares of preferred stock at $115 per share: Mar. 2 Issued 150,000 shares of common stock at 513 per share. Apr, 10 Issued 15,000 shares of common stock for equipment valued at $196,000. The stock is currentiy trading at $12 per. share, and is a more reliable indicator of the value of the equipment. Jun+ 12 Issued 10,000 shares of eomerion stock at $15 per share. Aug. 5 Istued 1,000 shares of preferred stock at $112 per share, Prepare the joumal ontries to record the transactions, If an amount box does not require an entry, feave it blank. Additional Paid-in Capital from Common Stock Aug. 5 Cash Preferred Stock
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