All part of the same Connect question. the final screenshot shares the same info as the middle screenshot, just asking slightly different question

Mercury Corporation issued 5,500 shares of no-par common stock for $15 per share. Mercury also issued 3,500 shares of $50 par, 6 percent noncumulative preferred stock at $60 per share. Required a. Record these events in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Use NA to indicate that an element was not affected by the event. Balance Sheet Income Statement Stockholders' Equity Expense Assets Revenue Cash Flow = Net Income Common Stock Preferred PIC in Event Cash Stock Excess 1 – Issue of CS 2 – Issue of PS + – b. Prepare journal entries to record these transactions. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.) View transaction list Journal entry worksheet 2 1 Record the issue of common stock. Note: Enter debits before credits. General Journal Debit Credit Event 1 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 Record the issue of preferred stock. Note: Enter debits before credits. Event General Journal Debit Credit 2 Record entry Clear entry View general journal

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