On January 22, Zentric Corporation issued for cash 180,000 shares of no par common stock at $4 On February 14, Zentric Corporation issued at par value 44,000 shares of preferred 2 stock, $55 par for cash On August 30, Zentric Corporation issued for cash 9,000 shares of preferred 2 stock, $55 par at...

Jan 22 Cash 720000 Common Stock 180000 shares 4 720000 Feb 14 Cash ...

On January 22, Zentric Corporation issued for cash 180,000 shares of no-par common stock at $4. On

Question:

On January 22, Zentric issued for cash 180,000 shares of no-par at $4. On February 14, Zentric issued at 44,000 shares of preferred 2% stock, $55 par for cash. On August 30, Zentric issued for cash 9,000 shares of preferred 2% stock, $55 par at $60.
Journalize the entries to record the January 22, February 14, and August 30 transactions.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...