Provide journal entries for the above transactions Pringle Corporation had the following transactions for...
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Accounting
Provide journal entries for the above transactions
Pringle Corporation had the following transactions for its common and preferred stock: 1. On January 1, Issued 400,000 shares of common stock with a $5 per share par value for $8.80 per share. 2. On January 10 , Issued 1,500 shares of preferred stock with a $100 par value for total cash of $170,000. 3. On September 6 , Bought back 4,000 shares of its common stock for $9 per share. 4. On December 5, declared dividends of $1 per share on its common stock. 5. On December 31, paid the dividends declared
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