Entries for Issuing Stock On January 22, Muir Corporation issued for cash 26,000 shares of no-par common stock at $50. On February 14, Mur issued at par value 7,000 shares of preferred 4% stock, $80 par for cash. On August 30, Muir Corporation issued for cash 23,000 shares of preferred 4% stock, $80 par at $91. Joumalize 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 sh 2015,000 X Common Stock 1,015.000 X 75.000 X 75.000 X Preferred Stock Paid-In Carptal in facess of Por Preferred Stokk CheckMy Recall that a separate account is used for recording the amount of each class of stock and to investors a corporation Recall the definition of legal capital and applies to how the sale of stock is recorded Feb 14 Cash Aug 30 Cash 000
