Business, 17.12.2019 23:31, offensiveneedle

Beauty island corporation began operations on april 1 by issuing 60,000 shares of $5 par value common stock for cash at $13 per share. on april 19, it issued 2,000 shares of common stock to attorneys in settlement of their bill of $27,500 for organization costs. in addition, beauty island issued 1,000 shares of $1 par value preferred stock for $6 cash per share.
journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded

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Beauty island corporation began operations on april 1 by issuing 60,000 shares of $5 par value commo...