Business, 28.11.2019 02:31 2020sanchezyiczela

Donahue corporation is authorized by its charter from the state of illinois to issue 750 shares of preferred stock with a 7% dividend rate and a par value of $50 per share and 22,000 shares of common stock with a par value of $0.01 per share. on january 1, 2013, donahue corporation issues 250 shares of preferred stock at $55 per share and 11,700 shares of common stock at $13 per share.
prepare the journal entry to record the issuance of the stock. for a compound transaction, if an amount box does not require an entry, leave it blank.

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