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Business, 05.05.2020 08:27 cbkhm

Began operations on April 1 by issuing 53,100 shares of $5 par value common stock for cash at $11 per share. In addition, Swifty issued 3,200 shares of $1 par value preferred stock for $5 per share. Journalize the issuance of the common and preferred shares. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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Began operations on April 1 by issuing 53,100 shares of $5 par value common stock for cash at $11 pe...
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