Sorocaba Co. had the following transactions during the current period. Mar. 2 Issued 5,000 shares of $1

Question:

Sorocaba Co. had the following transactions during the current period.

Mar.   2     Issued 5,000 shares of $1 par value ordinary shares to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.
June 12     Issued 60,000 shares of $1 par value ordinary shares for cash of $375,000.
July  11     Issued 1,000 shares of $100 par value preference shares for cash at $110 per share.
Nov. 28     Purchased 2,000 treasury shares for $80,000.

Instructions
Journalize the above transactions.

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Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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