Entries for issuing stock On January 22, Limerick Corporation issued for cash 22,000 shares of no-par...

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Entries for issuing stock On January 22, Limerick Corporation issued for cash 22,000 shares of no-par common stock at $20. On February 14, Limerick issued at par value 10,000 shares of preferred 8% stock, $75 par for cash. On August 30, Limerick issued for cash 19,000 shares of preferred 8% stock, $75 par at $86. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank. Jan. 22 Cash Common Stock Feb. 14 Cash Preferred Stock Aug. 30 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock 440,000 440,000 750,000 750,000 Entries for issuing stock On January 22, Limerick Corporation issued for cash 22,000 shares of no-par common stock at $20. On February 14, Limerick issued at par value 10,000 shares of preferred 8% stock, $75 par for cash. On August 30, Limerick issued for cash 19,000 shares of preferred 8% stock, $75 par at $86. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank. Jan. 22 Cash Common Stock Feb. 14 Cash Preferred Stock Aug. 30 Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock 440,000 440,000 750,000 750,000