Question: CALCULATOR HESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 Carta Inc. issues 500 shares of $10 par value common stock and 100 shares of $100

CALCULATOR HESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION 4 Carta Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $113,000. (a) Prepare the journal entry for the issuance when the market price of the common shares is $172 each and market price of the preferred is $215 each (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $196 per share. (Round answers to o decimal places, e . $1,225. Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry required select "No Entry for the account titles and enter o for the amounts.) No. Account Tities and Explanation (a) Debit Credit (b) 24

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