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The charter of Holly Corporation authorizes the issuance of 1,000 sharas of proferred thock and...

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Accounting

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The charter of Holly Corporation authorizes the issuance of 1,000 sharas of proferred thock and 3.000 chares of common stock. During a tws-month period. Holy conrplatad these stock issuance transactions: (Click the ieon to viow the traneactions.) Read the requirements More info Mar. 23 Issued 220 shares of $1 par value common stock for cash of $12 per share. his exarcise. Retaine Apr. 12 Received inventory with a market value of $24,000 and equipment with a market value of $16,000 for 340 shares of the $1 par value common stock. Apr. 17 Issued 1,000 shares of 7%,$10 par value preferred stock for $10 per share

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