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Monty Corp. was organized on January 1, 201 7. It is authorized to issue 23 The following stock transactions were completed during the first year 00 shares of 6%, $ 53 par value preferred stock and 459,000 shares of no par common stock with a stated value of $ 1 per sh Jan. 10 Issued 69,500 shares of common stock for cash at $4 per share. Mar. 1 Issued 1,190 shares of preferred stock for cash at $ 54 per share May 1 Issued 114,500 shares of common stock for cash at $ 7 per share Sept. 1 Issued 4,900 shares of common stock for cash at $ 9 per share Nov. 1 Issued 2,900 shares of preferred stock for cash at $ 54 per share Journalize the transactions. (Record journal entries in the order presented in the problem Credit account titles are automatically indented when amount is entened. Do not indent manually If no entry is required, select าน°Entryfor theaccount titles andenterOforthearnourts)
Record journal enstries in th Credit isetere. Do not ider man all芧 noentrys regard, select No Entry for the account tirles and enter O for the amounts Date Account Titles and Explanation Debit Credit
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date account title and explanation debit credit
10 jan cash (69500 *4 ) 278000
to common stock (69500 * 1) 69500
to paid in capital 208500
1 mar cash ( 1190 * 54 ) 64260
to preferred stock (1190 *53 ) 63070
to paid in capital 1190
1 may cash ( 114500 * 7 ) 801500
to common stock ( 114500 * 1 ) 114500
to paid in capital 687000
1 sept cash ( 4900 * 9 ) 44100
to common stock (4900 * 1 ) 4900
to paid in capital 39200
1 nov cash ( 2900 * 54 ) 156600
to preferred stock (2900 *53 ) 153700
to paid in capital 2900
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