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Current Attempt in Progress Culver Corporation was organized on January 1, 2022. It is authorized...

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Accounting

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Current Attempt in Progress Culver Corporation was organized on January 1, 2022. It is authorized to issue 22,800 shares of 6%, $50 par value preferred stock and 468,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Mar 1 1 May Sept. Nov. Issued 74,000 shares of common stock for cash at $6 per share. Issued 1,280 shares of preferred stock for cash at $54 per share. Issued 119,000 shares of common stock for cash at $5 per share. Issued 5,800 shares of common stock for cash at $4 per share. Issued 3,800 shares of preferred stock for cash at $60 per share. 1 1 Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit

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