Prepare the journal entries to record the above stock, Ask an Expert

Accounting

Westin Corporation had the following transaction.

a) Issued 3,500 shares of common stock with a stated value of $12 for $85,000.

b) Issue 1,600 shares of $90 par preferred stock at $110 for cash.

Instructions:

Prepare the journal entries to record the above stock transactions.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9431507

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