Based on the following information, prepare journal entries for Windgate Corporation.
Mar. 7
Issued 10,000 shares of $5 par common stock for $43,000 casH.16
Issued 6,000 shares of $5 par common stock for $33,000 casH.23
Issued 4,000 shares of $12 par, 7% preferred stock for $53,000 casH.29
Issued 5,000 shares of $4 par common stock for land with a fair market value of $28,000.

Question

Based on the following information, prepare journal entries for Windgate Corporation.
Mar. 7
Issued 10,000 shares of $5 par common stock for $43,000 casH.16
Issued 6,000 shares of $5 par common stock for $33,000 casH.23
Issued 4,000 shares of $12 par, 7% preferred stock for $53,000 casH.29
Issued 5,000 shares of $4 par common stock for land with a fair market value of $28,000.
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The Answer of Based on the following information, prepare journal entries for Windgate Corporation.
Mar. 7
Issued 10,000 shares of $5 par common stock for $43,000 casH.16
Issued 6,000 shares of $5 par common stock for $33,000 casH.23
Issued 4,000 shares of $12 par, 7% preferred stock for $53,000 casH.29
Issued 5,000 shares of $4 par common stock for land with a fair market value of $28,000.
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Based on the Following Information, Prepare Journal Entries for Windgate