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On May 23, Washburn Realty Inc. issued for cash 108,000 shares of no-par (with a...

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On May 23, Washburn Realty Inc. issued for cash 108,000 shares of no-par (with a stated value of $5 ) at $9. On July 6, Washburn Realty nc. issued at par value 43,000 shares of preferred 1% stock, $10 par for cash. On September 15 , Washburn Realty Inc. issued for cash an additional 5,000 shares of no-par common stock (with a stated value of $5 ) for $23. Required: Journalize the entries to record the May 23, July 6, and September 15 transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered

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