(Answered) Question during the month of february xyz inc completed the

Accounting

Question: During the month of February, XYZ, Inc. completed the following transactions related to its stock:

- February 2: Issued 3,000 shares of no-par common stock with a stated value of $1 for $15 cash per share.

- February 3: Issued 9,000 shares of no-par common stock with no stated value for $20 per share

- February 20: Issued 600 shares of $4 par value preferred stock for equipment with a fair market value of $5,000.

Required: Prepare journal entries for the above transactions.

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