The company issued 30,000 shares of preferred stock at $84 per share on June 14th, raising $2,520,000 in cash for the company. No entries were required in other amount boxes as the transaction only involved the issuance of preferred stock for cash.
Issuing Stock selected transactions were completed during the first ye.pdf
1. Issuing Stock selected transactions were completed during the first year of operations: Journalize
the transactions. If an amount box does not require an entry, leave it blank. June 14. Issued
30,000 shares of preferred stock at $84 for cash.