Based on the following information, prepare journal entries for Windgate Corporation.
Mar. 7
Issued 10,000 shares of $5 par common stock for $43,000 casH.16
Issued 6,000 shares of $5 par common stock for $33,000 casH.23
Issued 4,000 shares of $12 par, 7% preferred stock for $53,000 casH.29
Issued 5,000 shares of $4 par common stock for land with a fair market value of $28,000.
Definitions:
Underlying Drives
Basic biological or psychological motivations that push or compel individuals to act in certain ways.
Motivations
The reasons or factors that inspire individuals to take action or behave in a certain way.
Psychotherapy
The therapeutic treatment of mental illness and emotional distress by psychological rather than medical means.
Health Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.
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