On May 10, a company issued for cash 1,700 shares of no-parcommon stock (with a stated value of $3) at $18, and on May 15, itissued for cash 5,000 shares of $16 par preferred stock at $62.

Journalize the entries for May 10 and 15, assuming that thecommon stock is to be credited with the stated value. If an amountbox does not require an entry, leave it blank or enter “0”.

















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