On April 1, 10,000 shares of $6 par common stock were issued at $22, and on April 7, 5,000 shares of $60 par preferred stock were issued at $104.
Journalize the entries for April 1 and 7. If an amount box does not require an entry, leave it blank.
Apr. 1Cash
Paid-In Capital in Excess of Par-Preferred Stock
Preferred Stock
Apr. 7Cash
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