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Entries for Issuing Stock On January 22, Zentric Corporation issued for cash 180,000 shares of...

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Accounting

Entries for Issuing Stock On January 22, Zentric Corporation issued for cash 180,000 shares of no-par common stock at $4. On February 14, Zentric Corporation issued at par value 44,000 shares of preferred 2% stock, $55 par for cash. On August 30, Zentric Corporation issued for cash 9,000 shares of preferred 2% stock, $55 par at $60.

Journalize the entries to record the January 22, February 14, and August 30 transactions.

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

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