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Sunland Company had the following transactions. Issued 5,900 shares of common stock with a...

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Accounting

Sunland Company had the following transactions.
Issued 5,900 shares of common stock with a stated value of $10 for $135,500.
Issued 2,000 shares of $100 par preferred stock at $107 for cash.
Prepare the journal entries to record the above stock transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
No. Account Titles and Explanation
Debit
Credit
image

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