Mack Corporation has been issued a charter by the state of New Hampshire.This charter gives Mack the authority to issue 20,000 shares of $20 par value preferred stock and 100,000 shares of $5 par value common stock.Journalize the entries listed below.
June 1 Issued 4,000 shares of preferred stock at $\$ 25$ per share.
4 Issued 5,000 shares of common stock at $\$ 15$ per share.
13 Issued 6,000 shares of common stock at $\$ 20$ per share.
21 Issued 1,000 shares of preferred stock at $\$ 35$ per share.

Question

Mack Corporation has been issued a charter by the state of New Hampshire.This charter gives Mack the authority to issue 20,000 shares of $20 par value preferred stock and 100,000 shares of $5 par value common stock.Journalize the entries listed below.
 June 1 Issued 4,000 shares of preferred stock at $\$ 25$ per share.
4 Issued 5,000 shares of common stock at $\$ 15$ per share.
13 Issued 6,000 shares of common stock at $\$ 20$ per share.
21 Issued 1,000 shares of preferred stock at $\$ 35$ per share.

Quizplus · Accepted Answer

The Answer of Mack Corporation has been issued a charter by the state of New Hampshire.This charter gives Mack the authority to issue 20,000 shares of $20 par value preferred stock and 100,000 shares of $5 par value common stock.Journalize the entries listed below.
 June 1 Issued 4,000 shares of preferred stock at $\$ 25$ per share.
4 Issued 5,000 shares of common stock at $\$ 15$ per share.
13 Issued 6,000 shares of common stock at $\$ 20$ per share.
21 Issued 1,000 shares of preferred stock at $\$ 35$ per share.

Mack Corporation Has Been Issued a Charter by the State $25\$ 25$25

Mack Corporation Has Been Issued a Charter by the State $\$ 25$