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Entries for issuing stock

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Entries for Issuing Stock

On February 23, Ireland Corporation issued for cash 25,000 shares of no-par common stock at $15. On October 6, Ireland issued at par 9,000 shares of 3%, $50 par preferred stock for cash. On November 4, Ireland issued for cash 33,000 shares of 3%, $50 par preferred stock at $56.

Journalize the entries to record the February 23, October 6, and November 4 transactions.

For a compound transaction, if an amount box does not require an entry, leave it blank.

Reference no: EM131752162

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