Angel Creek Nursey, with an authorization of 40,000 shares of preferred stock and 150,000 shares of.

Angel Creek Nursey, with an authorization of 40,000 shares of preferred stock and 150,000 shares of common stock, completed several transactions involving its stock on August 15, the first day of operations. The trial balance at the close of the day follows:All shares within each class of stock were sold at the same price. The preferred stock was issued in exchange for the land and buildings.Journalize the two entries to record the transactions summarized in the trialbalance.
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Angel Creek Nursey with an authorization of 40 000 shares of

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