Reference no: EM132913221
Question - On January 1 of the current year, Big Corporation had 220,000 shares of $ 2.00 par value common stock outstanding and 5,000 shares of $ 50.00 per value preferred stock outstanding .
During the year, the following stock transactions occured.
Feb 1 - Issue 5,500 shares of common stock to the promoters who organized the corporation. Their fee was $ 25,000.
April 5 - Issued 1,200 shares of preferred stock for $ 60.00 per share.
June 10 - Accepted subscriptions to 1,000 shares of common stock at $ 50.00 per share. Received a one-fourth down payment of the subscription price.
August 15 - Collected a one-fourth payment of the stock subscriptions.
October 15 - Corrected the remaining balance due on the Stock subscriptions and issued the command stock.
Could you please help record the general journal.