Wilson Corporation Had the Following Transactions

question 2

Essay

Wilson Corporation had the following transactions:
1. Issued 7,000 shares of common stock with a stated value of $15 for $155,000.
2. Issued 3,000 shares of $100 par value preferred stock at $117 for cash.
Required: Prepare the journal entries for the above transactions.

---

Definitions:

Feelings

Subjective experiences of emotions, perceived as a personal response to the emotional state.

Empty Chair Technique

A therapeutic method in which clients address an empty chair as if it were occupied by a person or an aspect of themselves, to express thoughts and feelings.

Gestalt Therapy

A psychotherapeutic method that puts a strong emphasis on an individual's responsibility for their actions, focusing on their immediate experiences, the rapport built with their therapist, how their social and environmental backgrounds shape their lives, and the autonomic modifications they implement due to their overall conditions.

Unfinished Business

Emotional or intellectual issues that have not been resolved, often impacting an individual's mental health and relationships.