Marigold Corporation issued 3 2 9 shares of $ 1 0 par value common stock and 1
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Question:
Marigold Corporation issued shares of $ par value common stock and shares of $ par value preferred stock for a lump sum of $ The common stock has a market price of $ per share, and the preferred stock has a market price of $ per share.
Prepare the journal entry to record the issuance. Round intermediate calculations to decimal places, eg and final answers to decimal places, eg Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts.
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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