Journalize the entry to record the february 13 transactions


On February 13, Elman Corporation issued for cash 75,000 shares of no-par common stock (with a stated value of $125) at $140. On September 9, Elman issued 15,000 shares of 1%, $60 preferred stock at par for cash. On November 23, Elman issued for cash 8,000 shares of 1%, $60 par preferred stock at $70. Journalize the entry to record the February 13 transactions.

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Accounting Basics: Journalize the entry to record the february 13 transactions
Reference No:- TGS0100053

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