Question - Jounralize the response
February 23, Erin Corporation issued for cash 35,000 shares of no-par common stock at $40. On October 6, Erin issued at par 5,000 shares of 7%, $80 par preferred stock for cash. On November 4, Erin issued for cash 29,000 shares of 7%, $80 par preferred stock at $84.
Journalize the entries to record the February 23, October 6, and November 4 transactions.
For a compound transaction, if an amount box does not require an entry, leave it blank.