Problem
On January 22, Zentric Corporation issued for cash 177,000 shares of no-par common stock at $15. On February 14, Zentric issued at par value 10,000 shares of preferred 8% stock, $50 par for cash. On August 30, Zentric issued for cash 28,000 shares of preferred 8% stock, $50 par at $103.
Journalize the entries to record the January 22, February 14, and August 30 transactions. Refer to the Chart of Accounts for exact wording of account titles.