Based on the following information from Castle Keys Corporations, prepare the appropriate journal entries.

Based on the following information from Castle Keys Corporations, prepare the appropriate journal entries.

Apr. 10 incurred organization costs totaling $4,200

12 Issued 9,000 shares of $10 par common stock for $110,000

25 Issued 3,500 shares of 7%, $30 par preffered stock for $115,000

30 Issued 6,000 shares of $10 par common stock for $65,000

May 15 Issued 3,000 shares of 7%, $30 par preferred

Date10-Apr12-Apr 25-Apr 30-Apr 15-May ParticularsOrganization CostCashCashCommon StockAdditional paid in capital – Common StockCashPreferred StockAdditional paid in capital – preferred…

Get 20% discount on this paper. Use coupon: GET20

Posted in Uncategorized