On January 22, Ireland Corporation issued for cash 12,000 shares of no-par common stock at $25. On February 14, Ireland issued at par value 8,000 shares of preferred 4% stock, $60 par for cash. On August 30, Ireland issued for cash 30,000 shares of preferred 4% stock, $60 par at $63. Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank.

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?