Warren Company had the following transactions.
1. Issued 6,000 ordinary shares with a stated value of €10 for €110,000.
2. Issued 3,000 preference shares with a $100 par value at €107 for cash.
Instructions
Prepare the journal entries to record the above share transactions.

Question

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The Answer of Warren Company had the following transactions.
1. Issued 6,000 ordinary shares with a stated value of €10 for €110,000.
2. Issued 3,000 preference shares with a $100 par value at €107 for cash.
Instructions
Prepare the journal entries to record the above share transactions.

Warren Company Had the Following Transactions