Journalize the Following Stock Transactions for Rick Corporation $\$ 6$ Par Common Stock For

question 54

Essay

Journalize the following stock transactions for Rick Corporation.
July 22 Issued 10,000 shares of $\$ 6$ par common stock for $\$ 45,000$ cash.
28 Issued 6,000 shares of $\$ 4$ par common stock for $\$ 35,000$ cash.
31 Issued 4,000 shares of $\$ 10$ par, $7 \%$ preferred stock for $\$ 50,000$ cash.

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