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Pina Colada Corp. was organized on January 1,...

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Accounting

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Pina Colada Corp. was organized on January 1, 2017. It is authorized to issue 19,300 shares of 5%, $52 par value preferred stock and 461,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 70,500 shares of common stock for cash at $6 per share. Mar. 1 Issued 1,210 shares of preferred stock for cash at $57 per share. May 1 Issued 115,500 shares of common stock for cash at $6 per share. Sept. 1 Issued 5,100 shares of common stock for cash at $4 per share. Nov. 1 Issued 3,100 shares of preferred stock for cash at $54 per share. a a D E = T = 2 v 9 5 5 NOV. 15sueu ,Sales UI pielerreu SLUCK TUF Cash at $54 per share. 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.) (Ctrl)

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