Elsinore Corporation has been issued a charter by the state of New Hampshire. This charter gives Elsinore the authority to issue 10,000 shares of $16 par value preferred stock and 100,000 shares of $6 par value common stock. Journalize the entries listed below.
June 1 Issued 3,000 shares of preferred stock at $20 per share.
4 Issued 10,000 shares of common stock at $10 per share.
13 Issued 8,000 shares of common stock at $12 per share.
21 Issued 500 shares of preferred stock at $25 per share.

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The Answer of Elsinore Corporation has been issued a charter by the state of New Hampshire. This charter gives Elsinore the authority to issue 10,000 shares of $16 par value preferred stock and 100,000 shares of $6 par value common stock. Journalize the entries listed below.
June 1 Issued 3,000 shares of preferred stock at $20 per share.
4 Issued 10,000 shares of common stock at $10 per share.
13 Issued 8,000 shares of common stock at $12 per share.
21 Issued 500 shares of preferred stock at $25 per share.

Elsinore Corporation Has Been Issued a Charter by the State