Doherty, Inc. is authorized to issue 1,000,000 shares of $1 par value common stock and 400,000 shares of $100 par preferred stock. Prepare the journal entries to record the sale of 10,000 shares of common stock at $17.50 and 400 shares of preferred stock at $103 per share.
Details
- Publication Date
- Apr 11, 2013
- Language
- English
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Homework Help Classof1
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- Format