Question: Casper's Cookie Company has $3 stated value no-par common stock and the company issues 7,500 shares at $6 per share for cash. Prepare the journal

Casper's Cookie Company has $3 stated value no-par common stock and the company issues 7,500 shares at $6 per share for cash. Prepare the journal entry for the stock issuance (5 points). Gretchen's Bake Shop's $14 par value preferred stock is currently traded at $17 per share. The company issues 9,000 shares of stock to buy land recently advertised for sale at $150.000. Prepare the journal entry for this transaction. (5 points)

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