Stoltz Realty Inc. issued for cash 80,000 shares of no-par common stock (with a staled value of $3) at $12. On July 6, Stollz Realty Inc. issued at par value 18,000 shares of preferred 1% stock, $50 par for cash. On September 15, Stoltz Really Inc. issued for cash an additional 50,000 shares of no-par common stock (with a stated value of $3) for $15. Journalize the entries to record the May 23, July 6, and September 15 transactions.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Entries for issuing stockOn May 23, Stoltz Realty Inc. issued for cash 80,000 shares of no-par common stock (with a staled value of $3) at $12. On July 6, Stollz Realty Inc. issued at par value 18,000 shares of preferred 1% stock, $50 par for cash. On September 15, Stoltz Really Inc. issued for cash an additional 50,000 shares of no-par common stock (with a stated value of $3) for $15.
Journalize the entries to record the May 23, July 6, and September 15 transactions.

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