Prepare the journal entries for Blitz Industries:
April 6 Issued 9,000 shares of $112 par value common stock for $1150,000
April 15 Issued 54,000 shares of 58%, $1525 par value preferred stock for $13200,000
April 23 Issued 5,000 shares of $5 par common stock for $20,000 cash.
Correct Answer:
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