On January 22, Micah Corporation issued for cash 125,000 shares of no-par common stock at $6. On
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On January 22, Micah Corporation issued for cash 125,000 shares of no-par common stock at $6. On February 14, Micah Corporation issued at par value 32,000 shares of preferred 2% stock, $55 par for cash. On August 30, Micah Corporation issued for cash 7,000 shares of preferred 2% stock, $80 par at $94. Journalize the entries to record the January 22, February 14, and August 30 transactions.
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Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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