Wonder Sales is authorized to issue 100,000 shares of 2%, $100 par preferred stock and 1,000,000 shares of $10 par common stock. Journalize the following transactions. a. On January 2, Wonder Sales issues 5,000 shares of preferred stock for $110 per share and 65,000 shares of common stock at $10 per share. If an amount box does not require an entry, leave it blank. Jan. 2 fill in the blank c25b51ff0fcd003_2 fill in the blank c25b51ff0fcd003_3 fill in the blank c25b51ff0fcd003_5 fill in the blank c25b51ff0fcd003_6 fill in the blank c25b51ff0fcd003_8 fill in the blank c25b51ff0fcd003_9 fill in the blank c25b51ff0fcd003_11 fill in the blank c25b51ff0fcd003_12 b. On January 25, Wonder Sales issued 250 shares of preferred stock to a Morton Law Firm for settlement of a $36,000 invoice for incorporation services. If an amount box does not require an entry, leave it blank. Jan. 25 fill in the blank 169bf80a303401d_2 fill in the blank 169bf80a303401d_3 fill in the blank 169bf80a303401d_5 fill in the blank 169bf80a303401d_6 fill in the blank 169bf80a303401d_8 fill in the blank 169bf80a303401d_9 c. On January 31, Wonder Sales issues 500 shares of common stock to Setup Inc. for fixtures that have a fair market value of $8,500. If an amount box does not require an entry, leave it blank. Jan. 31 fill in the blank 943b1b09300cf82_2 fill in the blank 943b1b09300cf82_3 fill in the blank 943b1b09300cf82_5 fill in the blank 943b1b09300cf82_6 fill in the blank 943b1b09300cf82_8 fill in the blank 943b1b09300cf82_9
Wonder Sales is authorized to issue 100,000 shares of 2%, $100 par
a. On January 2, Wonder Sales issues 5,000 shares of preferred stock for $110 per share and 65,000 shares of common stock at $10 per share. If an amount box does not require an entry, leave it blank.
Jan. 2 | fill in the blank c25b51ff0fcd003_2 | fill in the blank c25b51ff0fcd003_3 | |
fill in the blank c25b51ff0fcd003_5 | fill in the blank c25b51ff0fcd003_6 | ||
fill in the blank c25b51ff0fcd003_8 | fill in the blank c25b51ff0fcd003_9 | ||
fill in the blank c25b51ff0fcd003_11 | fill in the blank c25b51ff0fcd003_12 |
b. On January 25, Wonder Sales issued 250 shares of preferred stock to a Morton Law Firm for settlement of a $36,000 invoice for incorporation services. If an amount box does not require an entry, leave it blank.
Jan. 25 | fill in the blank 169bf80a303401d_2 | fill in the blank 169bf80a303401d_3 | |
fill in the blank 169bf80a303401d_5 | fill in the blank 169bf80a303401d_6 | ||
fill in the blank 169bf80a303401d_8 | fill in the blank 169bf80a303401d_9 |
c. On January 31, Wonder Sales issues 500 shares of common stock to Setup Inc. for fixtures that have a fair market value of $8,500. If an amount box does not require an entry, leave it blank.
Jan. 31 | fill in the blank 943b1b09300cf82_2 | fill in the blank 943b1b09300cf82_3 | |
fill in the blank 943b1b09300cf82_5 | fill in the blank 943b1b09300cf82_6 | ||
fill in the blank 943b1b09300cf82_8 | fill in the blank 943b1b09300cf82_9 |
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