11-2a

CALCULATOR NTER VERSION 4 BACK Do Itl Review 11-2a Flounder Corp. began operations on April 1 by issuing 51,500 shares of $8 par value common stock for cash at $15 per share. In addition, Flounder issued 1,600 shares $1 par value preferred stock for $3 per share. ournalize the issuance of the common and preferred shares. (Credit account titles are automatically indented when amount is entered. Do not indent manual If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Tities and Explanation April 1 Debit Credit To record issuance of common shares) April 1 (To record issuance of prefered shares) Click if you would like to Show Work for this question: Open Show. Work SHOW LIST OF ACCOUNTS