Pronghorn Island Corporation began operations on April by issuing shares of $ par value common stock for cash at $ per share. In addition, Pronghorn Island issued shares of $ par value preferred stock for $ per share.
Journalize the issuance of the common and preferred shares. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select No Entry" for the account titles and enter for the amounts.
Date Account Titles and Explanation
April
April
To record issuance of common shares
April
Debit
Credit
a
tableDateAccount Titles and Explanation,Debit,CreditApril
To record issuance of common shares
To record issuance of preferred shares
