Question: D Question 34 9 p Blue Corporation issues 400 packages of securities for $80 per package, or a total of $32,000 on December 31. Each

 D Question 34 9 p Blue Corporation issues 400 "packages" of

D Question 34 9 p Blue Corporation issues 400 "packages" of securities for $80 per package, or a total of $32,000 on December 31. Each package includes 4 shares of $5 par common stock and one share of $30 par preferred stock (9 points). Required: If the separate market values are $20 per share for the common stock and $70 per share for the preferred stock, what journal entry will Blue make to record this transaction? Edit View Insert Format Tools Table 12pt v Paragraph B I U A & TV

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