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    jojo72's Avatar
    jojo72 Posts: 1, Reputation: 1
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    #1

    Mar 16, 2010, 05:22 AM
    Issued stock journal entry noncumulative
    Issued 6000 shares og 9%, noncumulative $50 preferred stock for $85 per share
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Mar 17, 2010, 06:55 AM

    Debit Cash for the amount received
    Credit Preferred Stock for the amount
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