Marigold Corporation issued $329$ shares of $$10$ par value common stock and $105$ shares of $$50$ par value preferred stock for a lump sum of $$15,372.$ The common stock has a market price of $$20$ per share, and the preferred stock has a market price of $$100$ per share.

Prepare the journal entry to record the issuance. $($Round intermediate calculations to $6$ decimal places, e$.$g$.0\mathrm{.}546872$ and final answers to $0$ decimal places, e$.$g$.,1,520.$ 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 $0$ for the amounts.$)$

 

Answer rating: 100% (QA)

Journal Entry Account Debit Credit Cash 15372 Common Stock 10 par value 3290 Paidin Cap... View the full answer