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n January 6, Dee-Light Corporation issued for cash 17,200 shares of $1 par value common...

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Accounting

n January 6, Dee-Light Corporation issued for cash 17,200 shares of $1 par value common stock at $30 per share. On May 10, Dee-Light issued at par 6,000 shares of preferred 5% stock, $20 par for cash. On June 22, Dee-Light issued for cash 26,800 shares of 5%, $25 par value preferred stock at $31 per share. Determine the amount of cash that Dee-Light will receive from each of these stock issuances.

Issue Date Cash Received

January 6 $

May 10 $

June 22 $

Please explain how to solve.

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