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Larkspur, Inc began operations on April 1 by issuing 66,100 shares of $5...

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Accounting

Larkspur, Inc began operations on April 1 by issuing 66,100 shares of $5 par value common stock for cash at $17 per 5 hare. On April 19, it issued 1,750 shares of cornmon stock to attorneys in settlement of their bill of $28,200 for organization costs. In addition, Larkspur issued 1,500 shares of $1 par value preferred stock for $5 cash per share.
Journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded. (Record) joumal entries in the order presented in the problem. Gredit accaunt titles are cutomatically indented when amount is entered. Do not indent manually, if no entry is required, select "No Entry" for the account titles and enter O for the amounis)
(To record issuance of common stock for attomey's fees)
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