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On March 8, Blossom inc., a publicly traded company, issued 6,000 preferred...

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Accounting

On March 8, Blossom inc., a publicly traded company, issued 6,000 preferred shares for cash of $29 per share. On April 20, when the
shares were trading at $35, the company issued an additional 2,900 preferred shares in exchange for land with a fair value of
$106,200.
(a)
Your answer is partially correct.
Prepare the journal entries for each transaction. (List all debit entries before credit entries. Record journal entries in the order presented
in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is
required, select "No Entry" for the account titles and enter 0 for the amounts.)
Date
Account Titles
Debit
Credit
Cash
image

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