Marigold Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1Issued 48,500 shares for cash at $51 per share. July 1Issued 58,000 shares for cash at $59 per share. Journalize the transactions.
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Home » Business » Marigold Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb.