On February 23, Limerick Corporation issued for cash 34,000 shares of no-par common stock at...
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Accounting
On February 23, Limerick Corporation issued for cash 34,000 shares of no-par common stock at $25. On October 6, Limerick issued at par 7,000 shares of 8%, $75 par preferred stock for cash. On November 4, Limerick issued for cash 14,000 shares of 8%, $75 par preferred stock at $82.
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.
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